Re: Clarification regarding Form 3

As per FM press conference on 24.03.2020 read with The Taxation And Other Laws (Relaxation of Certain Provisions) Ordinance,2020 (No. 2 of 2020) with regard to Vivad Se Vishwas, no additional 10% if disputed tax is paid by 30.06.2020. But Form No 3 has not been amended that still contains that tax is to be paid within fifteen days. This Form ought to be amended in as much as within 15 days or by 30.06.2020 which expires later. In the absence of such amendment in Form 3, nobody would like to upload Form 1 and Form 2 before 15.06.2020. Kindly clarify, whether my interpretation is correct.

Answer: Yes, as per the Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020, the last date for beneficial payment under the VSVA has been extended from March 31, 2020 to June 30, 2020. 

According to Form 3 i.e. Certificate issued by the department, payment has to be made within 15 days of days of issuance of certificate. 

Your suggestion, provides a cushion for declarants under the VSVA, as early declarants get more time to arrange for funds. However, in absence of any such clarification, it would not be appropriate to assume so.  We hope some clarification is expected from the Board . 

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