ICAI - Invitation to send Issues and Suggestions related to Indirect Taxes
April, 13th 2010
Laws and rules relating to Indirect Taxes have been evolving on account of development in business models, economic growth of the country, global developments, and technological advances and also with reforms in this field of taxation especially, in the area of service tax.
These changes, when applied practically, often give rise to various issues. Sometimes, a provision in law/rule/procedure, the way it is drafted or applied, could lead to undue hardships when the desired objective could be achieved in a simpler and easier manner. Also, as you would have noticed, the Government is continuously working towards reducing cost of compliance.
Indirect Taxes Committee would be delighted to receive any issue that you may notice together with your suggestions. The Committee would then take these up at the appropriate levels.
The issues arising out of the Finance Bill, 2010 have been addressed by the Committee in the Post Budget Memorandum, 2010 submitted to the Government of India and were also discussed with the concerned officers of the Finance Ministry.