TAX PAYMENT FACILITY LIBERALIZED IN
A large taxpayer unit would be initiated in
Eligibilty of a company to pay taxes at this unit is subjected to the fulfillment of any one of the three criteria:-
1. It pays at least Rs 5 crore central service tax;
2. It pays at least Rs 5 crore central excise duty;
3. It pays at least Rs 10 crore advance tax.
At such a unit, companies will deal with only one senior level officer — a client executive — for any assistance, clarification and grievance redressal. This unit will comprise of a chief commissioner with whom the clients can resolve their problems within the limits of Law.
An increment in Tax Collections via this channel is being expected by Finance Minister, P. Chidambaram.
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