FM Sitharaman asks CBDT, CBIC to interact more with tax assessees
FM Nirmala Sitharaman : On Monday, Finance Minister Nirmala Sitharaman reprimanded officials from the CBDT (Central Board of Direct Taxes) and CBIC (Central Board of Indirect Taxes and Customs) for failing to respond to tax assessees’ complaints. In Bengaluru, during a meeting with industry. Sitharaman suggested that the two Board should hold meetings with industry every Saturday in order to effectively engage with assessees.
“I’m very curious to know if the CBIC and CBDT are here. Are you all engaging with your own assessees? The questions which are being asked here are not questions where I want the secretaries of the ministry of finance to sit here and explain. These are for the boards,” FM Sitharaman said at the budget outreach programme in which finance ministry officials met industry and trade bodies.
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“You will have to be here, every Saturday. Keep yourself open, and communicate on the phone and emails. Many of the questions here which the secretaries bothered to answer, I would want you to answer in-person to the assessees,” she said.
She was responding to a question from Karnataka Bank CFO Muralidhar Krishna Rao about certain provisions of the GST Act and direct tax deductions that affect the banking sector.
“Tell them where the hitch is, and if there is a policy tweak required, or if there is a requirement to change something in the finance bill, opportunity is here before you,” she said.
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