SME Times News Bureau | 23 Aug, 2019
Responding to India Inc's calls for measures to curb "tax terrorism",
Finance Minister Nirmala Sitharaman on Friday said that tax authorities
do not have to overreach as the tax targets set in the Budget are well
within achievable limits.
Sitharaman said that she has met
several state tax officials and urged them not to stress on the tax
liabilities. She would also meet tax officials across the country and
convey the message.
She observed that technology can be used to monitor tax payments and liabilities, which should be used by the authorities.
The
Finance Minister also said that the government would take measures to
curb such instances, including the introduction of "faceless" tax
scrutiny from the upcoming Vijaya Dashami.
She further said that
tax notices and summons without a computer generated unique ID number
would not be valid. This measure would help curb unauthorised tax
summons.
On violation of corporate social responsibility norms,
the Minister said that such violations would not be treated as criminal
offence. Prosecution will be replaced with a more humane approach and
wealth creators will be honoured and respected, she said.
