Tax Dispute Resolution

Govt streamlines rules for settlement of disputes among CPSEs

In 2018, the DPE had issued an office memorandum, wounding up the Permanent Machinery of Arbitration (PMA) for settling such disputes

Time taken to resolve commercial cases in India down nearly 50%: Report

Even though India's overall ranking in 'Ease of doing business' had improved from 142 in 2014 to 63 in 2020, on the 'enforcement of contracts' it improved marginally from 186 in 2014 to 163 in 2020

Vivad se Vishwas scheme collected Rs 54,000 cr till March 1: MoS Finance

128,733 declarations filed to resolve tax disputes of Rs 98,328 crore

An impact analysis: Decoding the changes in rules and regulations in Budget

The Budget proposes to strengthen the NCLT framework with e-Courts system

Rs 83,000 cr disputed taxes settled as 20% cases opt for Vivad Se Vishwas

In a massive clean up of legacy issues, nearly one-fifth of about 5 lakh entities locked in tax litigation with the government have opted for a dispute redressal scheme

Vivad se Vishwas: Direct tax dispute resolution scheme may be extended

This is due to dismal participation and industry representations seeking more time for declaration

Best of BS Opinion: Vivad Se Vishwas scheme, Das' 2 years as RBI guv & more

Here's a selection of Business Standard opinion pieces for the day

Barking up the wrong tree?

Instead of pursuing Vivad Se Vishwas, greater focus on collecting tax dues without dispute may yield better results

Tax litigation: If your case is weak, opt for Vivad se Vishwas Scheme

Consider factors like your chances of winning, cost of litigating, consequences of losing, implications of carrying forward losses, and so on and then decide whether to participate in the scheme

Taxpayers can make payments under 'Vivad se Vishwas' scheme till March 31

Finance secretary A B Pandey reviewed the progress under the scheme at a high-level meeting of senior officers through video conferencing

States to pitch for dispute resolution system at GST Council meet on Aug 27

Punjab FM says not paying cess amounts to sovereign default

Vivad se Vishwas: Firms reconsider participation in tax resolution scheme

Firms looking at reverting to normal litigation in a bid to conserve cash

Govt makes tax dispute resolution scheme attractive, expands scope

Cabinet approves changes to include litigation across forums

Vivad se Vishwas: CBDT to collect data on direct tax cases in high courts

The CBDT has asked the regional Income Tax Department chiefs to "personally monitor" the exercise

Centre likely to get over Rs 39,500 crore under Sabka Vishwas Scheme

This will act as a big booster for the government, which is staring at revenue shortage from both direct and indirect taxes

Govt's tax dispute scheme ends with a whimper, garners just Rs 1,200 cr

Vodafone, Cairn refuse to settle their retrospective tax cases

Pay tax under dispute resolution scheme on time to get relief

Scheme provides an opportunity to taxpayers who are under litigation to come forward and settle the dispute