Re: PAYMENT DATE UNDER VSV SCHEME

WE HAVE RECEIVED FROM 3 FROM THE DEPARTMENT STATING THAT WE NEED TO PAY THE AMOUNT WITHIN 15 DAYS FROM THE DATE OF FROM 3. HOWEVER, GOVERNMENT HAS EXTENDED THE LAST DATE FOR THE PAYMENT TILL 31.12.2020.
Q.1 WHETHER WE NEED TO PAY THE AMOUNT WITHIN 15 DAYS FROM THE RECEIPT OF FORM 3 OR WE CAN TAKE BENEFIT OF EXTENDED DATE FOR PAYMENT ?

Yes, according to our understanding   assessee may have to make the payment within 15 days of receipt of Form 3. The extension, in our understanding is with respect to scheme and  with respect to the last date until which payments can be made under VSVA.   Once the declaration is filed and form no 3 is received , the assesee has to comply the provision . 

 

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