ICAI invites suggestions for Pre-Budget Memorandum 2023



Quick Summary
The Institute of Chartered Accountants of India (ICAI) is currently gathering input for its Pre-Budget Memorandum 2023. The Direct Taxes Committee, GST & Indirect Taxes Committee, and Committee on International Taxation are seeking suggestions related to direct taxes (including international taxation) and indirect taxes. These proposals will be submitted to the Ministry of Finance and respective State Ministries.

Direct Taxes Committee, GST & Indirect Taxes Committee and Committee on International Taxation
The Institute of Chartered Accountants of India
23rd September, 2022

ICAI Invites Suggestions for Pre-Budget Memorandum-2023

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 - 2023 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)

  • 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
ICAI Seeks Pre-Budget 2023 Suggestions from Members

Submission details

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, checking tax avoidance and reducing/minimizing litigations may also be provided.

Submission details

Suggestions may be submitted at the link:
https://appforms.icai.org/preBudgetSuggestion/index.html

Suggestions may be submitted latest by 10th October, 2022

FAQ :

The Institute of Chartered Accountants of India (ICAI) is inviting suggestions.

The memorandum is intended to identify issues for submission to the Ministry of Finance or respective State Ministry regarding tax laws.

Suggestions are invited for Direct Taxes (including International Taxation) and Indirect Taxes, such as Goods & Services Tax, Customs Law, and Central Excise Law.

Suggestions are sought for widening the tax base, increasing tax revenue, checking tax avoidance, reducing litigations, rationalising provisions, and removing administrative difficulties.

Suggestions must be submitted by 10th October 2022.

Suggestions can be submitted online via the link: https://appforms.icai.org/preBudgetSuggestion/index.html




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