Income Tax Act

Vivad se vishvas Scheme – Full Analysis

Measure to reduce the pending litigation Inspired by the success of the Indirect Tax Sabka Vishwas (Legacy Dispute Resolution) Scheme, the finance budget 2020 had proposed  Direct Tax amnesty scheme, ‘Vivad Se Vishwas’, with a view to scale back litigation. Accordingly, the govt has now tabled The Direct Tax Vivad Se Vishwas Bill, 2020 in Parliament. Taxpayer can go for the Scheme in case there’s an pending appeal as on 31 January 2020, At following appellate boards: SC

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highlights of 39th Gst council meeting

Highlights of the 39th GST Council Meeting

The 39th GST Council meeting was held on 14th March 2020 in New Delhi. The Union Finance Minister Mrs. Nirmala Sitharaman chaired this meeting and has taken the following important decisions on certain crucial issues under GST. 1. Deferment of new Return system and e-invoicing The implementation of the new GST return system has been deferred till 1st October

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