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Tax dispute settlements yield Rs 31,000 crore for the government

Tax dispute settlements yield Rs 31,000 crore for the government

Thursday, January 2, 2020, 4:30 PM

About three-fourths of eligible taxpayers have settled their legacy excise and service tax-disputes with the tax-department after agreeing to pay Rs.30,627-crore under the Sabka Vishwas scheme till December-end. When the scheme was launched on September-1, 2019, the disputed amount under 1.83-lakh cases was as high as Rs.3.6-lakh-crore. Tax experts said cash crunch with many businesses could have a role in many large-disputes remaining unresolved.
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