Business & Economy

Finance Ministry sets up forum on tax-related issues, disputes

NetIndian News Network

New Delhi, July 18, 2013

The Ministry of Finance has constituted a forum chaired by Dr Parthasarathi Shome, Adviser to the Finance Minister, for exchange of views between industry groups and the Government on tax-related issues and disputes.
The forum will meet every Wednesday and its first meeting is scheduled for August 7, an official press release said here today.
The release said representations were received from Chambers of Commerce and Industry Associations on tax-related issues and tax-related disputes that concern the industry as a whole or concern large sections of the industry. They have represented that there must be a forum at which they can be heard so that their point of view is placed before the Government for its consideration.
The release said the Government found the request very reasonable and felt that such exchanges of views would give an opportunity to the Government to hear the arguments of industry groups.
"It will also give the Government an opportunity to explain its stand on tax related matters. Thus this exercise would be mutually beneficial," it said.
The release said the forum would be supported 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 industry can seek an appointment. An appointment will be fixed for them on a suitable Wednesday. They will be given a hearing by Dr. Shome and the officers assisting him, it added.
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