Workshop on Indirect Tax Proposals of Union Budget - 2011-12
(R-L): CA.G.Ramaswamy, President, ICAI presenting the memento to Shri S.Dutt Majumder,Chairman,CBEC
at the workshop organized by ICAI on " Indirect Tax proposals of Union Budget-2011-12"
in New Delhi. Also, seen in the photograph are CA.Bhavna Doshi, Central Council
Member, ICAI and CA.Jaydeep N.Shah,Vice President, ICAI.
The Institute of Chartered Accountants of India organized a Workshop on Indirect
Proposals of the Union Budget 2011-12 at its Headquarter in New Delhi on March 17,2011.
The Workshop was addressed by Shri S. Dutt Majumder, Chairman, Central Board of
Excise and Customs. Shri Y.G. Parande, Member, CBEC, Shri V. K. Garg, Joint Secretary
(TRU), CBEC and Shri Roopam Kapoor, Officer on Special Duty, CBEC were also participated
in the Workshop and interacted with the members and experts of the field of indirect
taxes.
CA. G. Ramaswamy, President, ICAI welcomed all the dignitaries and pointed out that
the New Point of Taxation Rules, 2011 have been a cause of concern amongst various
services providers.
CA. Bhavna Doshi, Chairperson, Indirect Taxes Committee presented the core issues
arising out of Budget 2011-12 including the issues in CENVAT provisions, Service
Valuation Rules as also Point of Taxation Rules. The discussion was ably augmented
by CA. Madhukar Hiregange, Vice-Chairman, Indirect Taxes Committee. CA. Jaydeep
Narendra Shah, Vice-President, ICAI in his vote of thanks assured the officials
that ICAI would continue to provide quality inputs to the Government, whenever called
for.
The President, ICAI told the CBEC Officials that the ICAI would submit its Post-Budget
Memorandum 2011 on Indirect Taxes containing the suggestions on all significant
issues arising out of the Budget 2011-12 to the Finance Ministry shortly.
Shri S. Dutt Majumder acknowledged the active role played by the ICAI in the area
of public finance and appreciated the contributions made by it in the area of taxation
and accountancy.
A background material on the Certificate Course on Indirect Taxes was launched by
Shri Majumder at the Workshop. The ICAI has introduced this new Certificate Course
to impart training to its members in the area of indirect taxes. The course will
ensure reasonable level of preparedness amongst the members in facing the challenges
that may be posed by proposed GST. It will also help the members in understanding
the finer nuances of GST in an efficient manner.
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