Mar 20, 2020
Vivad se Vishwas e-filing facility: Race against time for tax dispute resolution
The government’s newly introduced e-filing facility to end direct tax disputes under Vivad se Vishwas scheme may not do much help to the taxpayers now. With only 10 days left to reach the deadline of Vivad se Vishwas scheme and amid coronavirus scare keeping people away from offices, the success of the dispute resolution scheme may differ than anticipated. While the overview and the purpose of the scheme were already known to the taxpayers, the exact rules and related forms have reached them only yesterday.
Even if the corporations find it worthy to file the dispute resolution to end the long-pending litigation, the new set of rules may make it inconvenient for them to get through this while working from remote locations.
“Government has notified rules and forms just 10 days before the deadline for payment of tax under the Vivad se Vishwas scheme and now the portal has recently initiated the acceptance of declarations under the scheme but seems all will go in vain as Covid-19 is in its full swing and the complete lockdown has been requested by Hon’ble prime minister in his speech,” Rajat Mohan, Senior Partner, AMRG & Associates, told Financial Express Online.
Corporates are already closing their offices and have asked employees to work from home in such circumstances collating data on tax disputes and in-house deliberation on the same is impossible forcing the companies to opt out of the scheme, he added