Revenue Department Invites Budget Suggestions
THE Finance Ministry (Department of Revenue) has sought suggestions and views from Trade Associations in the context of formulating the proposals for the Union Budget of 2017-18. Suggestions can be on duty structure, rates and broadening of tax base on both direct and indirect taxes giving economic justification for the same.
Government wants the suggestions to be supplemented and justified by relevant statistical information about production, prices, revenue implication of the changes suggested and any other information to support the proposal.
The request for correction of inverted duty structure, if any for a commodity, should necessarily be supported by value addition at each stage of manufacturing of the commodity. It would not be feasible to examine suggestions that are either not clearly explained or which are not supported by adequate justification/ statistics.
Suggestions and views may be emailed, as word document in the form of separate attachments, in respect of Indirect Taxes (Customs, Central Excise and Service Tax) to budget-cbec@nic.in and Direct Tax to ustpl3@nic.in.
Hard copies of the Pre-Budget proposals/suggestions relating to Customs & Central Excise may be sent to Mr. Alok Shukla, Joint Secretary (TRU-I), and Service Tax to Mr. Amitabh Kumar, Joint Secretary (TRU-II), CBEC, while the suggestions relating to Direct Taxes may be sent to Mr. Rasmi Ranjan Das, Joint Secretary, Tax Policy and Legislation (TPL-1), CBDT.
The very politely worded letter of the Department concludes, "It would be appreciated if your views and suggestions reach us by the 18th October, 2016." Maybe others in Government can learn a little in writing polite letters to citizens.