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CPSEs under the Ministry of Steel Pay Tax Dues under Vivad Se Vishwas scheme

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

 

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