Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: VAT RATES :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: due date for vat payment :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: empanelment
Indirect Tax »
 Indirect taxes collection could fall short of target due to GST
 Indirect Tax Collection Under Gst Goes Down By 30 Percent
 What is a belated income tax return and what are its consequences
 Why rejig of financial year could upset your tax planning
 The threat of harsh penalty should not impede tax compliance
 What are the tax exemption limits for allowances, reimbursements paid to employees? Find out
 High-income taxpayers to get priority treatment and extra facilities
 GST input tax credit rules: How taxpayers will benefit from ITC
 More complications in filing income tax returns
 Guidelines for selection of cases for scrutiny during the financial-year 2017-2018
 CBDT asks Income Tax officials to pull their socks up as revenue collection not satisfactory

Govt to hasten adjudication of indirect tax cases
May, 27th 2016

The government plans to hasten the adjudication of service tax, excise and customs cases older than a year. These should be disposed first, Revenue Secretary Hasmukh Adhia has told the Customs, Excise and Service Tax Appellate Tribunal (CESTAT).

The revenue department adjudicated well over 100,000 indirect tax cases in 2015-16. There are presently 13,500 cases older than a year, pending up to the level of principal commissioner. Total pendency is 60,000 cases.

“We have written to all zonal members to take up older cases first. This will clear the backlog and improve the business environment. We cleared 112,000 adjudication cases last year, which is only expected to improve in the current financial year,” said an official. The service tax department is also working out a separate mechanism to fast-track adjudication of cases where the amount involved is at least Rs 10 crore.

100,000: The number of indirect tax cases adjudicated by revenue department in 2015-16
13,500: The number of cases older than a year, pending up to the level of principal commissioner
60,000: Total pendency of cases

CESTAT hears appeals against orders or decisions by the commissioners of customs and excise relating to service tax, customs and central excise. As of December 2015, the pendency at tribunal level was 77,501, worth at least Rs 16,000 crore, of which 19,854 cases were accounted for by department appeals worth Rs 2,389 crore.

The Central Board of Excise and Customs has also identified 7,300 indirect tax cases it plans to withdraw from the high courts and CESTAT. The disputed tax here is below the threshold limit set in December at Rs 10 lakh for CESTAT and Rs 15 lakh for high courts.

The government has also come out with a new appraisal system for tax officials, where the aim is to focus on the quality of orders issued. In the revised format, performance of the assessing officers will also be specifically measured for quality of assessment, the pace of disposal and efforts on widening the tax base. “Fast tracking and time bound adjudication is a long-pending need. However, it is important that adjudication is approached judiciously. This will greatly help taxpayers and reduce uncertainties in their tax positions,” said Saloni Roy, senior director, Deloitte.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

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