The total number of taxpayers who have opted for the Direct Tax Vivad Se Vishwas Act since its enactment is 35,074 through Form-1 (Declaration under the scheme) that have been submitted till 8^th September, 2020. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs in a written reply to a question in Rajya Sabha.                             

Giving more details, the Minister further said that the revenue generated till date through the Act is ₹ 9,538 crore. This figure does not include the payments made by the taxpayers who are yet to file their declarations under the Scheme. The time-limit for filing of declaration under the scheme has been extended till 31^st December, 2020.

Tax dispute settlement scheme increases voluntary declarations, extends filing deadline and augments government settlement receipts. The Vivad Se Vishwas scheme recorded 35,074 Form 1 declarations through 8 September 2020 and realized reported receipts of Rs. 9,538 crore, a figure that excludes payments by taxpayers who have not yet filed declarations; the filing deadline for declarations has been extended to 31 December 2020.