Direct Tax Dispute Resolution Scheme

The scheme announced in the Budget last year allowed for the settlement of tax disputes due up to January 31, 2020.

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

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

Disputes relating to wealth, securities transactions, commodities transaction tax, and the equalisation levy will not be covered under the Vivad se Vishwas amnesty scheme.

Govt's efforts to reduce pending litigation under the scheme have received a lacklustre response