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Inviting innovative ideas and suggestions on tax policy and administration

Inviting innovative ideas and suggestions on tax policy and administration
Start Date :
Sep 18, 2015
Last Date :
Mar 01, 2016
00:00 AM IST (GMT +5.30 Hrs)
Submission Closed

One of the key priorities of the Government is to provide a non-adversarial and a responsive tax administration with the main objective of creating an environment conducive for ...

One of the key priorities of the Government is to provide a non-adversarial and a responsive tax administration with the main objective of creating an environment conducive for achieving higher investments and growth. At the same time the focus is also on ensuring ease of doing business for the taxpayers. For individual taxpayers, Government endeavours to promote voluntary compliance by making compliance easy and reducing the cost of compliance for the taxpayers. These steps are aimed to ultimately result in buoyant revenue collections, reflecting higher growth, leading to higher standard of living and better quality of life for the citizens.

The Department of Revenue invites taxpayers and general public to provide innovative ideas and suggestions on tax policy and administrative issues with the objective of ease of doing business and reducing compliance cost for industries thereby facilitating buoyancy of revenue and increase in investment leading to higher growth.

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Showing 1495 Submission(s)
Manish Giri
Manish Giri 9 years 10 months ago
Suggestions on tax and policy • Discontinuation of Rs. 500 & Rs 1000 currency notes o The period should be between 3 – 6 months for citizens to surrender these denomination notes in their respective banks having savings/current accounts.The exchange to be deposited in their accounts for further withdrawals. oTo avoid inflation going out of hand, can we restrict by limiting our highest denomination at Rs. 100 or is there any specific reason that we achieve using 500 / 1000 denomination notes.
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Pappu vanamali
Pappu vanamali 9 years 10 months ago
FIRST AND FORMOST THING TO DO IS IMPLEMENTATION IS GST (2)INCREASE INCOME TAX EXEMPION LIMIS.(3) REDUCE INTEREST ON EDUCATIONAL LOANS.(4) STRENGTHEN THE LAWS FOR RECOVERY OF NPA FURTHER INTHIS CONNECTION SHARING OF DEPOSTS AND LOANS BY BANKS.(5)RECOVERY OF LAND FROM THE CONCERNED WHICH IS NOT UTILISED FOR THE SPECIFIED PUROPSE.
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D H Gandhi
D H Gandhi 9 years 11 months ago
We salaried people pays incometax direct from salary.In taxable income ,we are paying 7.5% more amount as staying in company's quarter.but those not stayin in co's quarter free. We are paying or loosing 30% HRA which are not staying. Will it be differtiate in tax structure. We are paying more tax on 7.5% of gross income. It is to be removed as we are loosong 30% HRA .
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Vipul Jasani
Vipul Jasani 9 years 11 months ago
While talking to small and medium mfrs and small traders, all are frustrated due to current tax system that promotes more of corruption and less of tax collection. Most of them are laughing at Make in India and skill India programme as ground reality is exactly opposite. As per them 55% of the time is going in non-productive or non value added work. The most ridiculous idea of bringing more people in tax net will ruin this country for sure. Transparent indirect taxes is the only solution.
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R Sunder
R Sunder 9 years 11 months ago
#DepartmentofRevenue Please correct historical blunders that promote imports over 'Make in India' in rules for R&D & Education: Before 1997, they enjoyed 0% Duty on Imports, while ED+CST, etc was levied on local supplies. After I pleaded with hon PM Gujral, ED was exempt, but supplier was made to pay 8+% ED on behalf of customer vide Chapter 10/97. This plus CST (C-Form cannot be issued) & other local levies easily make Import L1 in Tenders. In country of origin, GST/VAT is fully reversed.
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R Sunder
R Sunder 9 years 11 months ago
#TaxPolicy Promote level playing field for local high tech products competing with imports in supplies to R&D & Education: Enforce identical duty exemption benefits by either scrapping concessional Customs Duty, or enforcing identical total tax/duty paid by customer plus full ModVAT benefit to supplier. Currently, imports enjoy about 15% price advantage, in addition, supplier suffers reduced or zero ModVAT credit. Do collect your revenue, but do so equally from imports! Be fair to Make in India!
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Liju V Rajan Kolath
Liju V Rajan Kolath 9 years 11 months ago
#taxpolicy As a country we need to look at reducing enforceability cost more than reducing compliance cost. More the scope for interpretation human mind works on finding loop holes and leads to further animosity. At the end we are all the stakeholders in India's growth. So stand up India for India to stand up. To bring in more compliance one need to reduce potential for interpretation. In GST being new statute it is easy and charging section should be short and simple and within 10 sections.
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Liju V Rajan Kolath
Liju V Rajan Kolath 9 years 11 months ago
#gst Tax provisions would be successful with lesser confusions, complications and complexity. Any invoice other than exempt should be charged gst. Any gst payments should have a credit availing right for all direct and indirect contribution to revenue generation. Effort of the act should be to reduce litigation. Simplicity would reduce compliance and enforceability cost creating win win for all stakeholders. A full paper can be provided if it is of interest.
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