Monday, March 1, 2010

Budget 2010: Reforms process in tax administration taken forward




Feb 28, 2010

The General Budget 2010-11 has carried forward
 the process of reforms in tax administration
in the country. The citizen-centric initiative
“Sevottam” which was launched as a pilot project at Pune,
 Kochi and Chandigarh, will be extended to four more
cities this year.


The centralized processing centre
 at Bengaluru is now fully functional
and processing around 20, 000 tax returns daily.

This initiative aimed at reducing the physical
interface between the taxpayers and the tax administration
 and to speed up procedures and processes, will be taken
forward by setting up two more centers during the year.

The Income Tax department is now ready to notify SARAL-II form
 for individual salaried taxpayers for the coming assessment year.

The proposals related to indirect taxes are focused to achieve a
further degree of fiscal consolidation without impairing the
recovery process and moving forward on the road to GST.
Project ACES-Automation of Central Excise and Service Tax,
has been rolled out in the country.

This will impart greater transparency in
 tax administration and improve the delivery of
 taxpayer services. Budget proposes to expand the
scope of Settlement Commission in respect of Central
 Excise and Customs so that certain category of cases
 that hitherto fell outside its jurisdiction may be admitted.

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