An Illustrated Guide To Direct Tax Vivad Se Vishwas Scheme
Author : Mr. Saurabh Goyal Irs
Year : 2020
Over the years, A huge amount of tax litigation has arisen due to Indiscriminate filing of appeals by both taxpayers as well as the Department. The amount of revenue locked up in such appeals is to the tune of Rs. 9.32 lakh crores, which in itself can match the collections of an entire year. Such staggering pendency of appeals not only just deprives government of valuable resources but also leads to clogging of judicial system. In this background, the Vivad se Vishwas Scheme assumes huge significance as it will free up revenue for government and Moreover taxpayers will be able to use their time, energy and resources for business activities. This book is an attempt to decipher the nitty-gritty of direct tax Vivad se Vishwas Scheme launched by the government of India. It aims to unravel the various provisions of the said Scheme so that all the stakeholder are able to extract the maximum out of this landmark step by Govt of India. The book also seeks to answer various queries and doubts so as to aid in its implementation. This book can prove to be handy guide to revenue officials who are at the cutting edge of implementation of this Scheme. Moreover businessmen can rely on this book to understand the footprint of this Scheme so as to avoid any undue delays and take benefit of the short window offered under this Scheme. To expound the new Scheme, various situations have been skillfully drafted by the author based on his experience, wherever required provisions have been explained with the help of lucid illustrations. Considering various doubts of professionals, one Chapter has been given on FAQs based format.