Calendar of compliances under Vivad se Vishwas Act 2020
CA Rajiv Kumar Jain | Mar 17, 2021 |
Calendar of compliances under Vivad se Vishwas Act 2020
1. The Direct Tax Vivad SE Vishwas Act, 2020 (17.3.2020)
2. The Direct Tax Vivad SE Vishwas Rules, 2020 (18.3.2020)
3. The Direct Tax Vivad SE Vishwas Scheme, 2020
4. Notification No. 85/2020 (27.10.2020)
5. Notification No. 92/2020 (31.12.2020)
6. Notification No. 04/2021 (31.1.2021)
7. Notification No. 09/2021 (26.2.2021)
MINISTRY OF FINANCE
(Department of Revenue)
New Delhi
Notification No. 85/2020-Income Tax
Dated: 27th October, 2020
S.O. 3847(E).—In exercise of the powers conferred by section 3 of the Direct Tax Vivad se Vishwas Act, 2020 (3 of 2020), the Central Government hereby notifies that the,
(a) 31st day of December, 2020 shall be the date, on or before which a declaration shall be filed to the designated authority, by the declarant, in accordance with the provisions of section 4 of the said Act in respect of tax arrear;
(b) 31st day of March, 2021 shall be the date on or before which the amount payable under the said Act shall be paid as per third column of the Table to section 3 of the said Act; and
(c) 1st day of April, 2021 shall be the date on or after which the amount payable under the said Act shall be paid as per fourth column of the Table to section 3 of the said Act.
2. This notification shall come into force from the date of its publication in the Official Gazette.
[Notification No. 85/2020, F. No. IT(A)/1/2020-TPL]
ANKUR GOYAL, Under Secy.
MINISTRY OF FINANCE
(Department of Revenue)
New Delhi
Notification No. 09/2021-Income Tax
Dated: 26th February, 2021
S.O. 9647(E).—In exercise of the powers conferred by section 3 of the Direct Tax Vivad se Vishwas Act, 2020 (3 of 2020), the Central Government hereby make the following amendments in the notification of the Government of India, Ministry of Finance, (Department of Revenue), no. 85/2020, dated the 27th October, 2020, published in the Gazette of Government of India, Extraordinary, Part-II, Section 3, Sub-section (ii), vide No. S.O. 3847(E), dated 27th October, 2020, namely:-
In the said notification,-
(i) in clause (a), for the figures, letters and words “28th February, 2021” the figures, letters and words “31st day of March, 2021” shall be substituted;
(ii) in clause (b), for the figures, letters and words “31st day of March, 2021” the figures, letters and words “30th day of April, 2021” shall be substituted;
(iii) in clause (c), for the figures, letters and words “1st day of April, 2021” the figures, letters and words “1st day of May, 2021” shall be substituted;
2. This notification shall come into force from the date of its publication in the Official Gazette.
[Notification No. 09/2021, F. No. IT(A)/01/2020-TPL]
SHEFALI SINGH, Under Secy.,Tax Policy & Legislation Division
1. Notification No. 92/2020 (31.12.2020) amended clause (a) of Notification No. 85/2020 dated 27.10.2020 to extend the date of filing declaration from 31.12.2020 to 31.1.2021.
2. Notification No. 04/2021 (31.1.2021) again amended clause (a) of Notification No. 85/2020 dated 27.10.2020, to further extend the date of filing declaration from 31.1.2021 to 28.2.2021.
However,
3. Notification No. 09/2021 (26.2.2021) again amended clause (a) of Notification No. 85/2020 dated 27.10.2020, to further extend the date of filing declaration from 28.2.2021 to 31.3.2021.
4. Notification No. 09/2021 (26.2.2021) also amended clause (b) of Notification No. 85/2020 dated 27.10.2020, to extended the date of making payment at normal rates as per third column of the Table to section 3 of the said Act from 31.3.2021 to 30.4.2021.
5. Notification No. 09/2021 (26.2.2021) also amended clause (c) of Notification No. 85/2020 dated 27.10.2020, to extended the date on or after which the amount payable under the said Act shall be paid as per fourth column of the Table to section 3 of the said Act from 31.3.2021 to 30.4.2021.
| SN | Nature of Compliance | Due date |
| 1 | Filing of Declaration and undertaking in Form No. 1 & 2 under VsVA, 2020. | 31.3.2021 |
| 2 | Making of payment without additional amount under the VsVS, 2020. | 30.4.2021 |
| 3 | Withdrawing of appeal etc. from any appellate forum. | 30.4.2021 |
| 4 | Filing of Form 4 with evidence of as per certificate in Form 3 and evidence of withdrawal of appeal etc. | 30.4.2021 |
| 5 | Additional amount shall be required to be paid under the VsVS, 2020 on or after, till last date which is yet to be notified. | 1.5.2021 |
| Note | The “Last date” has not yet been notified, up to which the amount with additional amount may be paid under the VsVS, 2020, which as per section 2(l) of the VsVA, 2020 is the date as may be notified by the Central Government in this behalf. | |
Disclaimer
The above calendar is prepared and being disseminated to share knowledge and information with fellow professionals and stake holders. Any error or omission is bona fide, thus disclaimed. The contents may be verified from the relevant Gazette materials.
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