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

With two days to go for Vivad se Vishwas (VsV) direct tax dispute resolution scheme’s closure, the government is mulling an extension — by at least a month — amid dismal participation and industry representations seeking more time for declaration.

Besides, technical systems issues, under the newly-introduced faceless appeals mechanism, have made it challenging for officers to send fresh notices for verifying appeals.

It is learnt that the scheme gathered momentum in the second half of December, but only close to 12 per cent of potential cases have come under it. Industry representations have sought an extension of the window with several