Government Launches Vivad Se Vishwas Scheme To Simplify And Expedite Tax Claim Settlements | Paisa Live

The government is launching a new scheme for the settlement of tax-related claims, titled ‘Vivad Se Vishwas 2.0,’ set to commence on October 1. This initiative aims to simplify the resolution process for pending tax disputes. In her budget speech earlier this year, Finance Minister Nirmala Sitharaman emphasized that the government remains committed to making taxes simpler, improving taxpayer services, providing tax certainty, increasing revenue, and reducing litigation. The scheme is expected to offer a streamlined process for taxpayers to settle disputes without lengthy legal battles, helping both individuals and businesses clear outstanding tax issues. With this move, the government hopes to ease the burden on taxpayers while boosting tax compliance and reducing the backlog of cases in courts.