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 VAT and GST in India :: Central Excise rule to resale the machines to a new company :: cpt :: ACCOUNTING STANDARD :: due date for vat payment :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: ACCOUNTING STANDARDS :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd
 
 
Indirect Tax »
 GST may lead to better operating profit margin for multiplex operators
 Indirect taxes must equal direct taxes
  Income Tax dept issues notices to ‘farmers’ claiming suspect agricultural income
 GST would match or be lower than the multiple indirect taxes on real estate
 Tax incidence under GST lower than current indirect taxes
 Here's the complete list of pre-GST discounts being offered by companies
 Applicability of Explanation 2 to Section 132B of the I.T. Act, 1961- reg.
 Here’s all you need to know about TDS and why it is deducted
 New indirect tax regime
 Income tax rates, tax-free limit to stay unchanged
 Revised tax reform bill to benefit consumers

Simplify indirect tax laws for easy tax collection: CVC
September, 21st 2012

The Central Vigilance Commission today emphasised on simplification of indirect tax laws - service and excise - to ensure that they are not wrongly interpreted and facilitate in easy tax collection.

"Simplification of tax laws will be a welcome step. As far as possible, make it simple so that it is not subject to interpretation differently by different parties.

"For example, if two Commissioners interpret laws in different ways then there will be problems. Similarly a tax payer and his lawyer, they interpret it in different ways. Then there is a question mark whether the law is currently effective or requires any amendments," Vigilance Commissioner J M Garg said while inaugurating a conference here.

He said although a lot of efforts are being made in this direction but still there is a continuous need to find ways as to how these laws can be made more simpler so that it is easier for tax collectors and payers.

"Instead of forcing them to pay taxes, they should voluntary pay taxes," Garg said at the conference on transparent and robust vigilance mechanisms organised by Central Board of Excise and Customs ( CBEC).

He said introduction of Goods and Service Tax will be a good step as it will add to simplification of the process of paying and collection of taxes.

Simplification of indirect tax collection laws will help in resolving disputes also, the Vigilance Commissioner said.

"Sometimes decisions (made by officers) are at variance which look odd. That is why disputes are there today in tax collection. You know how much amount is today held up in tax collection due to a disputes...there has to be a dispute settlement mechanism within the department so that tax collection is made simpler and there is a less pressure on tax collection machinery," he said, suggesting the authorities to devise ways to facilitate smooth tax collection.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

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