Vivad Se Vishwas (VSV)

and Corona

Impact and Way Forward

[20th March 2020]

CA Pritam Mahure and Associates

Enactment of VSV

Passed by Lok Assent of

Passed by Rajya
Sabha Hon’ble
Sabha
President

04.03.2020 13.03.2020 17.03.2020

Opportunities Ahead!
Opportunities Ahead!

• Reduce pending litigation

Taxpayer
• Generate timely revenue to • Complete waiver of interest,
Government penalty and prosecution

• Resolve dispute without long

lasting litigation process

Government
Challenges Ahead!
Challenges Ahead!

Scheme Social
Challenges Challenge
Minimal Time to
Coronavirus
avail benefit

March end has

Minimum time for
multiple other
payment
deadlines
Impact of Corona!
Impact of Corona!
Missing VSV Rules and
dissemination forms put in
of knowledge public domain
about VSV after 17th March

Less means to Paucity of time

decode VSV as for payment in
no or very less times of severe
deliberations cash crunch
Step Plan for Government
Step Plan for Government

Knowledge Extension of
Realtime
dissemination Payment of due dates
online / web
dues in
based query
through installments prescribed
desk
webinar under Scheme
Step Plan for Government

Section 11 of the VSV Act, 2020 empowers

removal of difficulties during implementation

Thus, usage of section 11 can be envisaged

Way forward for Taxpayer?
Way forward for Taxpayers

Whether the pending cases are Seek clarification about relevant

covered under the Scheme? VSV issues from CBDT
Step Plan for Representation

To enable us share
Representations
onwards, feel free
Draft Representations for
to share it at
sharing with CBDT
info@lawgical.in/
vaishali.kharde@la
wgical.in
Relevant Link for
Documents
 Relevant Link
Sr. No Particulars Link

1. Direct Tax Vivad Se Vishwas https://incometaxindia.gov.in/news/direct-tax-

Act,2020 vivad-se-vishwas-act-2020.pdf

2. Direct Tax Vivad Se Vishwas https://incometaxindia.gov.in/news/notification

Act, 2020 _18_2020.pdf

3. Notification No 12 of 2020 https://www.incometaxindiaefiling.gov.in/eFiling

dated 19th March 2020 /Portal/StaticPDF/Vivad_Se_Vishwas_PDF_Links/
Notification_12-2020_DTVsVA_2020.pdf

4. Circular No. 7/2020 dated 4th https://www.incometaxindiaefiling.gov.in/eFiling

March 2020 /Portal/StaticPDF_News/circular_no_7_2020.pdf
 Relevant Link
Sr. No Particulars Link

5. Form-1 https://www.incometaxindiaefiling.gov.in/eFiling/Portal/Stati
cPDF_News/Form_1.pdf

6. Form 2 https://www.incometaxindiaefiling.gov.in/eFiling/Portal/Stati
cPDF_News/Form_2.pdf

7. Form 3 https://www.incometaxindiaefiling.gov.in/eFiling/Portal/Stati
cPDF_News/Form_3.pdf

8. Form 4 https://www.incometaxindiaefiling.gov.in/eFiling/Portal/Stati
cPDF_News/Form_4.pdf

9. Form 5 https://www.incometaxindiaefiling.gov.in/eFiling/Portal/Stati
cPDF_News/Form_5.pdf
Our Books
Gearing up for new GST Returns and e-invoicing

Zoho Books

Join us for the Webinar on 25th March 2020

From 3.30 pm to 4.30 pm (IST)

https://tinyurl.com/rmtohgn
 Thank you!

CA Pritam Mahure and Associates

Happy to Discuss
For feedback / suggestions: info@lawgical.in /vaishali.kharde@lawgical.in

/ 020-27293425/ +91 9561005039

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