Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: TDS :: list of goods taxed at 4% :: due date for vat payment :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: empanelment :: form 3cd :: cpt
 
 
« Service Tax »
 India’s E-Service Tax Will Add To Foreign Content Providers’ Woes
 GST Council to discuss model laws, tax jurisdiction today
 Tax Invoice Under GST
 Insurance may fall under 12% tax slab in GST, from 14% service tax currently
 GST draft makes it must for companies to pass tax benefit to consumers
 To speed passage, Government plans GST Bills as money Bills
 No service tax on train tickets booked through IRCTC till December 31
 GST Council meet postponed to December
 Banks integrating systems with RBI, GST Network to collect tax: Arun Jaitleya
 Service tax waived for online train ticket booking till Dec 31
 Key challenges in implementation of Goods and Services Tax

Govt aims to halve pending tax disputes
January, 21st 2016

The government plans to halve pending tax disputes as it looks to make the tax administration citizen-friendly.
Revenue secretary Hasmukh Adhia told TOI that the government was moving to first unclog disputes at the level of tax department's commissioner (appeals), the first port of call for taxpayers, by seeking clearance of low-value cases.

"The entire focus has been on big cases. We are asking the commissioner (appeals) to deal with small cases and bunch similar cases. This will go a long way in reducing pendency. The idea is to reduce litigation by half," Adhia said. He, however, did not elaborate on what are "small cases".

A similar strategy will be adopted for Income Tax Appellate Tribunal (ITAT) and high courts and the Supreme Court too, with bunching of cases being a key area. The revenue secretary said that he discussed the issue with the law secretary, who seems to have endorsed the plan. He added that the Supreme Court too was in favour of bunching of cases to reduce pendency.

Tax litigation is often cited as a major hurdle by both domestic and international investors and the government is taking steps to address the concern. Adhia identified reducing litigation and easier/quicker refunds as focus areas, for which the government has received positive feedback from taxpayers. So far, 1.8 crore refunds for assessment year 2015-16 have been processed, he said. In the past, refunds have been held up for years as the government sought to show healthier finances.
Data released by the government showed that over Rs 5 lakh crore was locked up in disputes at various levels, with some of the cases going back over 10 years. In value terms, over half the cases related to income tax with 30% of the cases involving corporation tax. In terms of various forums where cases are pending, the maximum number and the amount was with ITAT, where the government has simplified the rules. But, a vast majority seemed to be with the commissioner (appeals) across the country.
Top Comment

The government had last month said that it was raising the monetary limit for filing appeals to Rs 10 lakh in appellate tribunal (Rs 4 lakh at present) and Rs 20 lakh in high courts, while deciding to withdraw appeals in the two forums where the new threshold did not apply. "We are monitoring the developments closely for whatever follow up that may be required," Adhia said.
TIMES VIEW

The revenue department's effort to drastically reduce the number of pending tax cases is a welcome step. The simplest way to achieve this is to reduce complexity and ambiguity in tax laws. A low rate of tax with few or no exemptions would go a long way towards minimising litigation on tax matters than any other step. Committees after committees have suggested such a tax structure for years, and it is about time the idea is translated into reality.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Integrated Software Solutions Integrated Software Development Integrated Software Services Integrated Software Solutions India Integrated Softw

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions