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ICAI Invites Suggestions for Pre-Budget Memorandum-2021

Posted on 29 October 2020

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The Direct Taxes Committee, GST & Indirect Taxes Committee, and Committee on International Taxation of ICAI have invited suggestions for the pre-budget Memorandum 2021. The suggestions may be submitted latest by 7th November 2020. Read the official announcement below:

Direct Taxes Committee
The Institute of Chartered Accountants of India
28th October, 2020

ICAI Invites Suggestions for Pre-Budget Memorandum-2021

The Direct Taxes Committee, GST & Indirect Taxes Committee and Committee on International Taxation of ICAI are in the process of identifying issues for inclusion in the Pre-Budget Memoranda - 2021 to be submitted to the Ministry of Finance or respective State Ministry. Suggestions under the following heads are invited on laws relating to Direct Taxes (including International Taxation) and Indirect Taxes:

Direct Taxes (including International taxation) Submission details
  • Suggestions for widening the tax base and increasing the tax revenue
  • Suggestions to check tax avoidance
  • Suggestions to reduce/minimize litigations
  • Suggestions for rationalization of the provisions of Direct Tax Laws
  • Suggestions for removing administrative and procedural difficulties
Suggestions may be submitted at the link:

https://appforms.icai.org/preBudgetSuggestion/index.html
Indirect Taxes  
  • Goods & Services Tax
  • Customs Law
  • Central Excise Law (to the extent applicable on specific goods)
  • The suggestions for widening the tax base, increasing the tax revenue, check tax avoidance and to reduce/minimize litigations may also be provided.
Suggestions may be submitted at the link:

https://appforms.icai.org/preBudgetSuggestion/index.html

Suggestions may be submitted latest by 7th November, 2020

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