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High level panel to hear tax issues of industry groups every Wednesday

Updated: Jul 19, 2013 01:33:39pm
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New Delhi, Jul 19 (KNN)  A high level committee headed by Parthasarathi Shome, advisor to the Finance Minister, will meet industry groups, every Wednesday, beginning August-7 to discuss their tax-related issues or disputes. 

The move comes in response to demands from various groups for a forum to put their views before the government.

Also, the ministry has been receiving representations from chambers of commerce and industry associations on tax-related issues and disputes that affect the industry as a whole or impact large sections of the industry. 

Finding the request very reasonable, “Exchange of views between industry groups and government on tax related issues or tax related disputes would give an opportunity to Government to hear the arguments of the industry groups,” the ministry said in a release. 

"It will also give the government an opportunity to explain its stand on tax related matters. Thus this exercise would be mutually beneficial," it added.
Accordingly it has been decided to constitute a forum, chaired by Shome that will meet every Wednesday at 3 pm.   

Shome will be assisted by officers of the Tax Policy and Legislation (TPL) wing of the Central Board of Direct Taxes (CBDT) and the Tax Research Unit (TRU) of the Central Board of Excise and Customs ( CBEC). 

Chambers of commerce, industry associations and various such groups will have to submit a memorandum to Shome and then seek an appointment. 

"They will be given a hearing by Parthasarathi Shome and the officers assisting him," the release added. 

The first meeting of the forum will be held on August 7, 2013 and thereafter on every Wednesday, it said.  The forum will however discuss the tax related issues only with the industry groups and not individuals.  (SD/KNN)
 

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