The Vivad se Vishwas Scheme was first discussed by the Hon’ble Finance Minister, Mrs. Nirmala Sitharaman in her budget speech for Fiscal Year 2020-21. In past, the Government of India has taken several measures to abbreviate tax litigation from the taxpayer’s, as in the Fiscal Year 2019-20 ‘Sabka Vishwas – (Legacy Dispute Resolution) Scheme, 2019, (“SVLDRS”)’ was brought in, to reduce the litigation in Indirect Tax that result in settling over 1,89,000 cases. Akin to Indirect Tax ‘SVLDRS’, the sThe Vivad se Vishwas Scheme was first discussed by the Hon’ble Finance Minister, Mrs. Nirmala Sitharaman in her budget speech for Fiscal Year 2020-21. In past, the Government of India has taken several measures to abbreviate tax litigation from the taxpayer’s, as in the Fiscal Year 2019-20 ‘Sabka Vishwas – (Legacy Dispute Resolution) Scheme, 2019, (“SVLDRS”)’ was brought in, to reduce the litigation in Indirect Tax that result in settling over 1,89,000 cases. Akin to Indirect Tax ‘SVLDRS’, the staxmann.com Latest ArticlesRead More
