Question And Answer
Subject: Vsv1 scheme
Querist: Deepak
Answered by:
Tags: , ,
Date: October 6, 2021
Query asked by Deepak

I received form 3 on 27 september 2021. Do I get 15 days time to pay from 27 september 2021 or 30 september is last date?

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It is pertinent to note that, as per Form 3 i.e., Certificate under section 5(1) of Direct-tax Vivad Se Vishwas Act, 2020 (VSVA), it is clarified that the declarant is directed to make the payment of sum payable within thirty days (15 days as per the VSVA) from the date of receipt of the certificate. In case of non-payment of amount payable within the said period, the declaration under Form-1 shall be treated as void and shall be deemed never to have been made.

The above-mentioned period of 15 days was relaxed by the CBDT vide Circular 18 of 2020 dated October 28, 2020 on account of undue hardship faced by the taxpayers and a date of March 31, 2021 was introduced as the last date to make payment without any additional amount.

Subsequently, this date has been extended on account of the 2nd wave of the pandemic and consequential lockdown. Finally, October 31, 2021 has been considered as the last date to make payment with an additional amount.

Therefore, on a combined reading, the last date for payment with additional payment would be October 31, 2021.

Disclaimer: This article is only for general information and is not intended to provide legal advice. Readers desiring legal advice should consult with an experienced professional to understand the current law and how it may apply to the facts of their case. Neither the author nor and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any inaccurate or incomplete information in this article nor for any actions taken in reliance thereon. No part of this document should be distributed or copied (except for personal, non-commercial use) without express written permission of

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