Simplify service tax process: Assocham to CBEC
23/09/2014 17:37
Apex industry body ASSOCHAM has expressed serious concerns over uncertainty in tax implications and an aggressive revenue approach adopted by tax administrators to meet unreasonable revenue targets, urging them to simply the service tax registration process.
“Since indirect taxes are transaction based taxes such environment is not conducive for economic growth and it is adversely affecting new investments,” highlighted The Associated Chambers of Commerce and Industry of India (ASSOCHAM) in a communication addressed to Ms J.M. Shanti Sundharam, chairperson of the Central Board of Excise and Customs (CBEC).
Terming the current service tax registration process as ‘painful’ and ‘time consuming,’ ASSOCHAM has suggested simplifying the same.
“CBEC should consider out-sourcing this process on lines of PAN number issuance in case of income tax registration which is carried out smoothly and is completed within three days.”
Further, it also said that CBEC should periodically review major pending disputes and issue clarification on common disputes to reduce further litigation.
Apart from this, ASSOCHAM has also suggested to increase the number of tribunal benches urgently owing to huge pendency of cases due to aforesaid reasons.
Besides, expeditious refund claims’ settlement for service tax and duty draw back, monitoring of pending refund cases and inordinate delay on fictitious ground by higher level tax authorities are other key suggestions listed by ASSOCHAM in its letter to the CBEC chief.
23/09/2014 17:37
Apex industry body ASSOCHAM has expressed serious concerns over uncertainty in tax implications and an aggressive revenue approach adopted by tax administrators to meet unreasonable revenue targets, urging them to simply the service tax registration process.
“Since indirect taxes are transaction based taxes such environment is not conducive for economic growth and it is adversely affecting new investments,” highlighted The Associated Chambers of Commerce and Industry of India (ASSOCHAM) in a communication addressed to Ms J.M. Shanti Sundharam, chairperson of the Central Board of Excise and Customs (CBEC).
Terming the current service tax registration process as ‘painful’ and ‘time consuming,’ ASSOCHAM has suggested simplifying the same.
“CBEC should consider out-sourcing this process on lines of PAN number issuance in case of income tax registration which is carried out smoothly and is completed within three days.”
Further, it also said that CBEC should periodically review major pending disputes and issue clarification on common disputes to reduce further litigation.
Apart from this, ASSOCHAM has also suggested to increase the number of tribunal benches urgently owing to huge pendency of cases due to aforesaid reasons.
Besides, expeditious refund claims’ settlement for service tax and duty draw back, monitoring of pending refund cases and inordinate delay on fictitious ground by higher level tax authorities are other key suggestions listed by ASSOCHAM in its letter to the CBEC chief.
