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Tax notices + litigation · Settlement

Vivad se Vishwas: when the government offers an exit

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  1. Facts

    Vivad se Vishwas (literally "from dispute to trust") is a settlement scheme where taxpayers with pending appeals can settle by paying a percentage of the disputed tax demand, with interest and penalty waived.

  2. Provisions and law

    • Direct Tax Vivad se Vishwas Act | Scheme versions: 2020, 2024

  3. Analysis

    VSV 2024 (currently active): For cases pending as of July 22, 2024. Pay disputed tax in full (or 25% for cases pending at High Court/SC) + reduced interest. Penalty and prosecution waived. Forms VSW-1 to VSW-4. Who should use it: Any taxpayer with pending appeals where (a) legal position is uncertain, (b) the cost of continued litigation exceeds the benefit, or (c) certainty is needed for business/financial reasons. Most advisors recommend it when the dispute has been pending over 5 years.

  4. Conclusion

    Talk to a Savvy for the exact next step on your case.

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General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.

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