FM Sitharaman asks CBDT, CBIC to interact more with tax assessees

FM Sitharaman

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.

Read Also: GST Council plans to raise GST tax slab from 5% to 8% : Report

“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.

Read Also: GST Weekly Update: Goods and Service Tax 2022

Disclaimer:The article or blog or post (by whatever name) in this website is based on the writer’s personal views and interpretation of Act. The writer does not accept any liabilities for any loss or damage of any kind arising out of information and for any actions taken in reliance thereon. 
Also, and its members do not accept any liability, obligation or responsibility for author’s article and understanding of user.

For Collaborating with us-

Tags: News

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed