FAQ on Service Tax and FBT on ESOP - Instead of FAQ they should issue RAQ
The FM had released the two booklets on Friday, which we had reported on Saturday along with copies of the FAQ. The Service Tax FAQ released with so much fanfare hardly has any clarifications for real hot issues and has some good jokes which you can see in our story.
A senior officer who was preparing an FAQ on Cenvat Credit showed me the draft. The TO DO list contained an item, "file a declaration with your Range Superintendent". When I pointed out that there was no such requirement, the officer told me, "I know, but there is nothing wrong in filing a declaration, no?" If you don't believe me, there was a witness, another officer! Fortunately the FAQ did not come out!
The Government need not issue these "Frequently Asked Questions" - they should either make the law clear so that there are no questions or issue RAQ - "Rarely Answered Questions"
When I told a friend that the DGST is coming out with an FAQ, he remarked, "I hope they don't create any major damage as they did in the case of abatement for Service Tax on GTA "
Tax payers are really afraid of your laws and scared of your clarifications. For you, it is only a piece of paper - for the tax payer it is money - hard money!
Click here for our story, the FAQ on Service Tax and FAQ on FBT on ESOP )