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TAXPAYER DISPUTE SETTLEMENT
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
Donald Trump's IRS lawsuit dismissed with a $1.76 billion fund settlement: Here's the full breakdown of the tax leak caseTrump IRS tax leak settlement: The US administration has established a $1.76 billion fund to address claims of government "weaponization" f...
Centre announces interim boards for Customs Central Excise Settlement CommissionTo expedite dispute resolution for pending central excise cases, the centre has established four Interim Boards in Delhi, Chennai, Mumbai, ...
Budget 2025: Settlement scheme like Vivad Se Vishwas needed to clear high backlog of legal tax disputes, say expertsBudget 2025: Schemes like Vivad Se Vishwas need to continue to clear huge legal backlog. Further rationalisation measures for income tax as...
CBDT notifies date for direct tax dispute resolutionThe Central Board of Direct Taxes (CBDT) has notified the rules for the Vivad se Vishwas 2.0 scheme, which aims to settle tax disputes pend...
Vivad Se Vishwas 2.0: What makes it attractive and what can make it betterThe Vivad Se Vishwas (VsV) 2.0 scheme aims to resolve pending tax disputes worth ₹10.40 trillion, which is 5.6% of India's GDP. The scheme ...
Why Government's move to ensure time-bound settlement of Customs cases may not be effectiveIn India, the Settlement Commission allows an alternate dispute resolution mechanism for a taxpayer, who seeks to resolve a tax dispute thr...
One-time offer to settle minor GST offences in worksThe scheme will not cover wilful tax evasion, he said. Repeat offenders and offenders against whom enforcement agencies have initiated will...
Tax amnesty scheme garners Rs 54,000 crore"As things stand today, I think amongst all the schemes, this has shown the best possible results... Almost one-third of the disputes, whic...
Last date for filing declaration under Vivad Se Vishwas Scheme further extended to Feb 28, 2021This is the fourth time that the deadline of the scheme has been extended- first from March 31, 2020, to June 30, 2020, secondly to Decembe...
I-T Dept allows revision of declarations filed under 'Vivad Se Vishwas' schemeIssuing a set of FAQs on 'Vivad Se Vishwas' scheme, the Central Board of Direct Taxes (CBDT) also said the scheme cannot be availed in a ca...
Indirect tax dispute settlement scheme challenged again in Bombay High CourtThe scheme is now challenged in Bombay High Court over not allowing some companies to settle their legacy indirect tax disputes through the...
Government’s indirect tax litigation reduction scheme 'Sabka Vikas' challengedIntroduced in 2019, the scheme, which was aimed at freeing “a large number of small taxpayers of their pending disputes with the tax admini...
Defaulters must settle dues within 15 days of agreeing on amount under VSVS: CBDTThe Vivaad Se Vishwas scheme is a no interest - no penalty window that was supposed to end on March 31 but has since been extended in light...
Vivad Se Vishwas: A shout-out to the tax-compliantVSV is expected to resolve a major part of direct tax litigations worth about Rs 4.8 lakh crore by way of remission and waiver of interest,...
Lok Sabha passes Direct Tax Vivaad Se Vishwas BillA bill to provide an opportunity to taxpayers to settle their tax disputes by paying just due taxes with complete waiver of interest and pe...
Vivaad Se Vishwas deal sweetenedAvailing of Vivaad Se Vishwas? You'll have to pay only half the amount if the appeal was filed by the taxman.
Govt mulls mediation to solve tax issues with companiesMediation will allow taxpayers to get a fix on how much they need to pay and avoid disputes.
Government appoints arbitrators in MNCs' tax dispute cases: Jayant SinhaThe government said it has appointed arbitrators in the tax dispute cases with multi-national companies (MNCs) including Vodafone.
- Budget 2014: Domestic companies can obtain advance ruling on tax liability
Tax demand of more than Rs 4 lakh crore is under dispute and litigation before various Courts and Appellate authorities.