ICAI invites Suggestions for Pre-Budget Memorandum-2018

ICAI Pre-Budget Memorandum-2018

The Direct Taxes Committee, Indirect Taxes Committee and Committee on International Taxation of Institute of Chartered Accountants in India (ICAI) are in the process of identifying issues for inclusion in the Pre-Budget Memoranda – 2018 to be submitted to the Ministry of Finance or respective State Ministry.

In this regard, the ICAI on Wednesday invited suggestions on various provisions of direct and indirect tax laws. The members can submit their suggestions till October 2017 at the link provided below.

Under the direct tax head, suggestions for widening the tax base and increasing the tax revenue, to check tax avoidance, to reduce/minimize litigations, removing administrative and procedural difficulties and for rationalization of the provisions of Direct Tax Laws etc can be submitted in the link here .

Suggestions on Goods & Services Tax, Customs Law, Central Excise Law (to the extent applicable on specific goods), including the suggestions for widening the tax base, increasing the tax revenue, check tax avoidance and to reduce/minimize litigations may also be provided can be submitted here.

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