Vivad Se Vishwas Scheme: Eligibility, Features, Benefits & Application Process

The Indian government introduced the Vivad Se Vishwas Scheme to provide a streamlined framework for resolving disputed tax cases, offering a significant benefit for direct taxpayers by simplifying the tax dispute resolution process. This article explores the scheme’s eligibility criteria, features, benefits, application process, and provides the necessary helpline information.

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Vivad Se Vishwas Scheme Eligibility Criteria

The scheme is open to all direct taxpayers with pending disputes at any level of the appellate process. Eligibility extends to those:

• With cases pending before the level of the Commissioner (Appeals), the Income Tax Appellate Tribunal (ITAT), the High Court, or the Supreme Court.
• Who have not opted for the scheme under specific conditions, such as disputes under the jurisdiction of the Income Tax Settlement Commission or cases where proceedings are pending with the Authority for Advance Rulings.

Vivad Se Vishwas Scheme Features

Key features of the scheme include:

• Dispute Resolution: Taxpayers can settle disputes by paying only the disputed tax amount, without any additional interest or penalties.
• Transparency: The scheme introduces a faceless appeal mechanism, ensuring the taxpayer’s identity remains confidential throughout the process.
• Ease of Process: The scheme provides a structured yet simple procedure for taxpayers to settle their disputes without further litigation.

Also Read: Tamil Pudhalvan Scheme 2024: Eligibility Criteria, Required Documents, Application Procedure

Vivad Se Vishwas Scheme Deadline

The scheme was initially set with a deadline of March 31, 2020, which was later extended to December 31, 2020, due to the COVID-19 pandemic. As per the latest updates, taxpayers can avail themselves of the scheme until December 31, 2023.

Vivad Se Vishwas Scheme Benefits

The benefits of opting for the Vivad Se Vishwas Scheme include:

• Waiver of Interest and Penalty: Taxpayers are not required to pay any interest or penalties on the disputed tax amount.
• Reduction in Litigation: The scheme aims to reduce the burden of litigation for both the taxpayer and the judiciary.
• Quick Resolution: It facilitates a quicker resolution of disputes, which might otherwise take years to resolve through the normal judicial process.

How to Apply for the Vivad Se Vishwas Scheme

To apply for the Vivad Se Vishwas Scheme, especially if you are an MSME seller on the GeM portal, follow these steps:

1. Log in to the GeM Portal: Use your seller user ID and password to access your account.
2. Complete Profile Details: Update the ‘Account Profile’ by completing the ‘Business Profile’ and ‘Organisation Profile’, including business PAN validation and Udyam registration.
3. Navigate to the Scheme Dashboard: Select the ‘Vivad se Vishwas -1′ option to access the dashboard and view or manage claims.
4. Submit a Claim: Click on ‘New Claim Request’, fill out the form, and submit it for processing.
5. Track Claim Status: Monitor the status of your claim through updates on your dashboard, reflecting actions taken by buyers.

Vivad Se Vishwas Scheme Helpline Number

For any queries or assistance regarding the Vivad Se Vishwas Scheme, taxpayers can contact the helpline at 011-69095777. This service provides support and guidance on how to navigate the application process and resolve any issues that may arise.

By taking advantage of the Vivad Se Vishwas Scheme, taxpayers can effectively settle disputes and reduce the potential stress and financial burden associated with prolonged legal battles. The scheme represents a significant step towards enhancing the efficiency of tax administration and fostering a cooperative relationship between taxpayers and the tax authorities