PIB News Update: Several Central Public Sector Enterprises (CPSEs) under the Ministry of Steel have made payment of due tax to the government under Vivad Se Vishwas scheme by 31st March 2020. Government initiated Vivad Se Vishwas scheme with the objective of reducing income tax pending litigation, generate timely revenues for the Government and help taxpayers to end their tax disputes with the department by paying disputed tax and get waiver from payment of interest and penalty. The details of the tax paid by the CPSEs is as under:
Payment of Tax by CPSEs under Vivad Se Viswas scheme
| Name of the CPSE
|
Total amount under dispute
as per joint statement |
Amount
payable under VsV as per joint statement |
Amount
already paid as per joint statement |
Net payment
to be paid |
Amount paid under VsV by 31.3 2020 |
| Rs.in crore | |||||
| 1 | 2 | 3 | 4 | 5 | 6 |
| SAIL | *266.27 | 186.72 | 143.46 | 43.26 | 46.16 |
| NMDC | 1868.80 | 980.71 | 282.75 | 697.96 | 697.96 |
| RINL | 577.32 | 275.88 | 253.44 | 22.44 | 22.44 |
| 29.39 | 22.61 | 18.55 | 4.06 | 4.06 | |
| MOIL | 18.85 | 11.58 | 16.96 | (7.16) Refund | 1.78 |
| MSTC | 11.16 | 2.36 | 1.02 | Nil | Nil |
| KIOCL | 11.55 | 0.60 | 35.13 | (34.53)
refund |
0.60 |
| JKMDC | 0.19 | 0.15 | 0.04 | 0.11 | 0.11 |