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ICAI Invites Suggestions on Direct and Indirect Taxes for Pre-Budget Memorandum, 2013.
October, 12th 2012

The Direct & Indirect Taxes Committees of ICAI are in the process of identifying issues that need to be taken up in the Pre-Budget Memoranda on Direct & Indirect Taxes- 2013 to be submitted to the Ministry of Finance. Suggestions are invited on laws relating to Direct Taxes, Central Excise Duty, Customs Duty, Service Tax and Central Sales Tax for the purpose of inclusion in the Pre-Budget Memoranda, 2013.

Suggestions relating to Direct Taxes to be given under the following head:

  • Suggestions for widening the tax base and increasing the tax revenue
  • Suggestions to check tax avoidance
  • Suggestions to reduce/minimize litigations
  • Suggestions for rationalization of the provisions of Direct Tax Laws
  • Suggestions for removing administrative and procedural difficulties relating to Direct Taxes

Suggestions in respect of Indirect Taxes to cover:

  • Central Excise Law
  • Customs Law
  • Service Tax Law
  • Central Sales Tax

The suggestions relating to policy matters and procedural matters be mentioned separately and for each of the issue, following details be given in the format specified below:

  • Issue - brief description of the issue with relevant provisions of law
  • Suggestion - specific suggestion to deal with the issue
  • Rationale - the justification for the suggestion.
Suggestions may be sent at prebudget@icai.org positively by 31st October, 2012.
 
 
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