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: list of goods taxed at 4% :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: VAT Audit :: articles on VAT and GST in India :: form 3cd :: due date for vat payment :: empanelment :: ACCOUNTING STANDARDS :: TDS :: cpt :: TAX RATES - GOODS TAXABLE @ 4%
 
 
Indirect Tax »
 CBEC rechristened Central Board of Indirect Taxes and Customs
 Income tax department to challenge ITAT relief to Cairn Energy in HC
 5 crucial ways how doing business will be different under GST
 What is the lowdown on the Goods and Services Tax
 Ineligible Input Tax Credit Under Gst Regime
 What is GST, how is it different from now: Decoding the indirect tax regime
 Indirect tax collection can fall short of FY’17 target
 GST in last lap: What's in it for businesses, firms and most importantly, you?
 Indirect tax collection: All you want to know about stuck cases and rejected appeals
 Government achieves revised tax collection target
 Keep indirect taxes 'low, affordable' under GST

FinMin raises monetary limit for challenging tax cases
April, 27th 2016

To reduce litigation, the Finance Ministry today raised the monetary limit for filing appeals in indirect tax cases to Rs 10 lakh in appellate tribunal, and Rs 15 lakh in High Courts.

The ministry has also made it mandatory for Principal Commissioners or commissioners to hold a pre-showcause notice consultation with assessee in all cases where duty is above Rs 50 lakh, a statement said.
“The threshold limit below which appeals are not to be filed by the department in CESTAT (Tribunal) and High Courts has been raised to Rs 10 lakh and Rs 15 lakh respectively,” it said.

The Central Board of Excise and Customs (CBEC) has asked officers to withdraw all cases in High Court and CESTAT where there is a precedent Supreme Court decision and against which no review is contemplated by the department.

“The CBEC has taken several measures to manage litigation and reduce disputes,” the statement said.

Chief commissioners or principal commissioners have been asked to identify the cases fit for withdrawal among the cases pending in appeal before Custom Excise and Service Tax Appellate Tribunal (CESTAT) and High Courts.

The field formations have identified 2,051 and 5,261 cases which are fit for withdrawal from High Court and CESTAT respectively as per the threshold monetary limits prescribed now.

They have already filed withdrawal applications in 980 and 2,174 cases in High Courts and CESTAT respectively. Out of this, High Courts has allowed withdrawal in 250 cases and CESTAT in 202 cases.

Further to ensure quick dispute resolution, CBEC has asked officers for going into pre-showcause notice (SCN) consultation with the assessee in all the cases where duty involved is above Rs 50 lakh.

Detailed instructions have been issued to all field formations regarding the manner, in which an SCN is to be issued, personal hearings are to be granted and speaking adjudication orders to be issued. The chief commissioners have been directed to do sample verification of records of such proceedings from time to time.

“Also training or workshops are being organised to train officers to issue quality SCN, judicious adjudication orders, advocacy, in order to minimise disputes and further litigation. This will assist ease of doing business,” the statement added.

Commenting on the move, EY India Tax Partner Bipin Sapra said the measures on litigation management are in line with the recommendation of Tax Administration Reform Commission(TARC).

“The pre-showcause notice discussion with the assessee if applied in true spirit could drastically cut down litigation and hence the transaction cost of doing business in India,” Sapra said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

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