Shome heads panel to hear industry views on tax issues

Our Bureau Updated - July 18, 2013 at 07:29 PM.

The Finance Ministry has constituted a forum to hear out industry representatives on tax-related issues and tax-related disputes.

The forum will be headed by Parthasarathi Shome, Advisor to the Finance Minister, and will meet every Wednesday. The first meeting is slated for August 7.

Chambers of commerce, industry associations and industry groups have been advised to first submit a memorandum to Shome and then seek an appointment.

An appointment will be fixed for them on a suitable Wednesday and they will be given a hearing by Shome and the officers assisting him, an official release said.

Industry bodies had sought a forum so that their point of view was placed before the Government.

“Exchange of views between industry groups and Government on tax related issues or tax-related disputes would give an opportunity to Government to hear the arguments of the industry groups.

“It will also give the Government an opportunity to explain its stand on tax-related matters. This exercise is mutually beneficial,” the release added.

srivats.kr@thehindu.co.in

Published on July 18, 2013 13:59