Modi, Jaitley to brainstorm with tax depts in first revenue ‘Gyan Sangam’
Prime Minister Narendra Modi will hold an interactive session with the top brass of the two revenue collection arms of the government during a first-of-its-kind ‘Rajasva Gyan Sangam’ to be held on June 16 in the national capital.india Updated: Jun 12, 2016 11:44 IST
Prime Minister Narendra Modi will hold an interactive session with the top brass of the two revenue collection arms of the government during a first-of-its-kind ‘Rajasva Gyan Sangam’ to be held on June 16 in the national capital.
Officials said both the Central Board of Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC) were asked to prepare suggestions on “important policy-level and innovative ideas of far reaching impact relating to the legislative and administrative framework of taxation in India”. These suggestions will be put forward to the Prime Minister during the conclave at Vigyan Bhavan.
Finance minister Arun Jaitley will also hold a session during the two-day conference to discuss these recommendations.
While CBDT is responsible for collecting direct taxes, CBEC does the same vis-a-vis indirect taxes.
“Both have been asked to prepare a bank of good ideas and out-of-the-box solutions after talking to their officers who will participate in the June 16-17 Gyan Sangam. It has been directed by the Prime Minister’s Office that the PM will like to keep it an interactive session rather than just a monotonous inauguration and speech affair,” a senior finance ministry official said.
About 250 officials and the top brass of the Income Tax department and Customs and Central Excise are expected at the meeting.
The conclave will deliberate on a host of issues related to taxpayer services and effective implementation of fiscal laws and government policies, including measures to curb black money generation and circulation.
The sessions will be divided into two broad subjects relating to the government’s plan of financial inclusion and ensuring a transparent tax regime for businesses and foreign investors. Issues and challenges being faced by departments such as the Income Tax, Customs, Central Excise and the Directorate of Revenue Intelligence will also be discussed.
At a recent review meeting with CBDT and CBEC officials, Modi had reiterated the need for reducing taxpayers’ grievances and ensuring a quick resolution of their problems.
The Prime Minister is also likely to outline the government’s goals with regards to flagship programmes such as ‘Make in India’ and ‘Start-up India’ at the conference.
The first of such a joint annual conference of the two large departments being held, the Gyan Sangam will produce a final list of suggestions to be reviewed by both the finance ministry and Prime Minister’s Office.
The CBDT and CBEC had thus far held separate conferences, with the finance minister being invited as a chief guest.
First Published: Jun 12, 2016 11:43 IST