Budget 2015 - Issues crying for amendments/clarification by CBEC

Dear Mr. Vimal,

We support all the issues raised by you in this article. I sometimes just wonder, whether this will attract attention of CBEC or Minister of State of Finance? There are many changes in the law, provisions which do not arguer well as to what would have been the objective?

Or these are the small tools to increase the revenue without changing the rates of tax - just to show that there is no increase or minor increase but these legislative changes could put huge amounts under litigation and CBEC can show that this much is pending to be collected from assessee's and CESTAT and Courts are responsible for non-collection.

In my view - each change must be supported by intend and objective of the proposed change. Also the impact on the tax payer and government.

What prompted the government to do these changes?

Each year the changes are made - just to complicate the matters more instead of easing. I think government seems to forget that the individuals working for the tax payer/industry face lot of pressure to implement the changes. Further these frequent tinkering of the law provide fodder to the departmental auditors to create paras without any actual audit of the risk.

All this seems to be a vicious circle and no end to it.

Ease of tax payment should be the objective and all the concerns raised on any platform must be addressed immediately by CBEC.

Arbind Aggarwal

Arbind Aggarwal 17/03/2015