TIOL Tax Congress - Doctrine of tax neutrality has no place in GST design
In case of genuine taxpayers like foreign airlines and shipping companies, which were subjected to different interpretations recently, the agency engaged with the CBIC and the GST Council, and the Council took decisions on many of its flagged concerns. [...]clarifications were issued to exempt them...
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Published in | Tax India Online |
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Main Authors | , |
Format | Trade Publication Article |
Language | English |
Published |
Mumbai
Athena Information Solutions Pvt. Ltd
10.10.2024
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Subjects | |
Online Access | Get full text |
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Summary: | In case of genuine taxpayers like foreign airlines and shipping companies, which were subjected to different interpretations recently, the agency engaged with the CBIC and the GST Council, and the Council took decisions on many of its flagged concerns. [...]clarifications were issued to exempt them from tax liabilities. [...]GST is a much more advanced form of indirect taxation which captures maximum possible economic data - key driver for computation of the GDP. [...]the CBIC needs to putty holes at the quasi-judicial level which stirs the possum and triggers frivolous litigation and multiple interpretations by the audit commissionerates needs to be better coordinated and regulated by the Ministry to minimise litigation. |
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