Aiming to make it easier to pay taxes and improve quality of tax orders, the government has set up a committee to look into possibility of a system of peer review before assessment.
Aiming to make it easier to pay taxes and improve quality of tax orders, the government has set up a committee to look into possibility of a system of peer review before assessment.
To a query on whether government feels peer review assessments can improve quality of tax orders, as recommended by the TARC, minister of state for finance Jayant Sinha said: “The issue is being examined by a committee which was constituted by CBDT in September 2015”.
In a written reply on Tuesday, he said it has been the endeavour of the government to simplify the procedures for compliance with tax laws including payment of taxes. “Further, simplification of procedures relating to payment of central taxes is a continuous process,” Mr Sinha added.
In September the CBDT had constituted a panel under principal commissioner on TARC recommendation.
