ICAI Pre-Budget Memorandum-2018 on Direct and Indirect Taxes submitted to the Government

ICAI Pre-Budget Memorandum-2018 on Direct and Indirect Taxes submitted to the Government in view of the ensuing Budget 

ICAI Pre-Budget Memorandum-2018 on Direct Taxes and International tax.

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:

Part A : Suggestions relating to the policy &provisions of Income-tax Act, 1961
Part B : Suggestions for improving Tax Administration and Citizen Services

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.

ICAI Pre-Budget Memorandum-2018 on Indirect Taxes other than GST

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.