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The Chartered Accountants Association, Surat has written a representation letter to the PM Shri Narendra Modi, expressing their dissent over actions and approach of FMO with relation to GST, Income Tax, MCA etc. The letter also contains their demands in these areas. Read the official representation letter below: Ref: CAAS/Representations/2020-21/04 Date:26-01-2021 To, The Prime Minister, 152, South Block, Raisina Hills, New Delhi - 110011 Sub: Dissent over Actions and Approach of FM
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FAQ :
The Chartered Accountants Association, Surat (CAAS) has written the representation letter.
The letter raises concerns about the actions and approach of the FMO concerning GST, Income Tax, and MCA, and outlines the association's demands in these areas.
The letter points to an order rejecting representations to extend Income Tax due dates, which increases compliance burdens through late fees, interest, and penalties.
CAAS believes the FMO's approach disregards taxpayer realities, prioritises discipline over welfare during the pandemic, and compares Indian tax deadlines unfavourably with other countries without considering local context.
CAAS criticises policies that focus on unplanned revenue from penalties, lead to unproductive compliance, unnecessary litigation, frequent law changes, unstable IT infrastructure, and a rigid approach towards trade, industry, and professionals.
Yes, CAAS states that numerous representations have been sent by trade, industries, and professionals regarding GST, Income Tax, and MCA, but none have been responded to by the FMO or MCA.
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