Taxpayers get relief from recovery during a stay order

In a relief to taxpayers, the government has asked taxmen not to proceed with recovery of a‘ confirmed’ demand in relation to indirect taxes during the pendency of stay applications.

The Central Board of Excise and Customs(CBEC) on Monday issued a circular on Recovery of Confirmed Demand of Tax During the Pendency of Stay Application in relation to indirect taxes. Confirmed demand of tax arises, when after examining the submissions of ataxpayer, an order is issued confirming demand of tax from a tax payer.

Business Standard New Delhi, 06th July 2016

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