ICAI Pre-Budget Memorandum-2018 on Direct and Indirect Taxes submitted to the Government in view of the ensuing Budget
The memorandum contains suggestions for the consideration of the Government while formulating the tax proposals for the year 2018-19.
The suggestions have been broadly categorized and divided under the following two parts:
As per the Memorandum, the suggestions aim to improve tax collection, reduce/minimize litigations, rationalization of the provisions of direct tax laws and removal of administrative and procedural difficulties relating to Direct Taxes.
The Memorandum contains suggestions on issues relating to Service Tax, CENVAT Credit Rules, 2017, Excise Duty, Customs Duty and Central Sales Tax for the consideration of the Government while formulating the tax proposals for the year 2018-19. The suggestions aim at making tax laws simple, fair and transparent and avoiding litigation.
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