New Delhi: The new division of administrative control between the centre and the states under the goods and services tax (GST) will ensure that at least 1.4-1.5
million taxpayers remain under the purview of the Central Board of Excise and Customs (CBEC) in the new indirect tax regime. However, CBEC is likely
to lose a substantial portion of its service tax assessees, an issue that is causing angst among officials. After states demanded a larger pool of
taxpayers to administer in the initial round of negotiations in the GST council, the CBEC was threatened with redundancy leading to a prolonged face-off
with states.
18th JANUARY 2017,MINT, NEW-DELHI
million taxpayers remain under the purview of the Central Board of Excise and Customs (CBEC) in the new indirect tax regime. However, CBEC is likely
to lose a substantial portion of its service tax assessees, an issue that is causing angst among officials. After states demanded a larger pool of
taxpayers to administer in the initial round of negotiations in the GST council, the CBEC was threatened with redundancy leading to a prolonged face-off
with states.
18th JANUARY 2017,MINT, NEW-DELHI
Comments
Post a Comment