Explanation:

Both statements are incorrect as Vivad se Vishwas scheme is related to Direct taxes while Sabka Vishwas scheme was related to indirect taxes.The Finance Minister had clarified that“under the proposed Vivad Se Vishwas scheme, a taxpayer would be required to pay only the amount of the disputed taxes and will get complete waiver of interest and penalty provided he pays by 31st March, 2020. Those who avail this scheme after 31st March, 2020 will have to pay some additional amount”. However, the scheme will remain open only till June 30, 2020. The scheme also applies to all case appeals that are pending at any level.