Union Budget 2023 may see another dispute resolution scheme as tax arrear surges

Finance Minister Nirmala Sitharaman may get some satisfaction on limiting the fiscal deficit but a niggling item in her account book is the surge in amount under the head ‘Tax Revenue Raised but Not Realised’. The figures are high enough for experts to anticipate another amnesty scheme on the lines of Vivad Se Viswas (VsV) and Sabka Vishwas Legacy Dispute Resolution Scheme (SVLDRS) this year.

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Source: business line.

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