Adviser to the Finance Minister for Exchange of Views Between Industry Groups and Government on Tax Related Issues or Tax Related Disputes; Forum to Meet Every Wednesday; First Meeting of the Forum on August 7, 2013

From time to time, representations are received from Chambers of Commerce or Industry Associations on tax-related issues and tax-related disputes that concern the industry as a whole or concern large sections of the industry. They have represented that there must be a forum at which they can be heard so that their point of view is placed before the Government for its consideration.

The request is found very reasonable. 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. Thus this exercise would be mutually beneficial.

Accordingly, the Ministry of Finance has decided to constitute a forum that will meet every Wednesday at 3 p.m. It will be chaired by Dr. Parthasarathi Shome, Adviser to the Finance Minister. He will be supported by officers of the Tax Policy and Legislation (TPL) wing of the Central Board of Direct Taxes (CBDT) and the Tax Research Unit (TRU) of the Central Board of Excise and Customs (CBEC). Chambers of Commerce, industry associations and industry can seek an appointment. An appointment will be fixed for them on a suitable Wednesday. They will be given a hearing by Dr. Parthasarathi Shome and the officers assisting him.

The first meeting of the forum will be held on August 7, 2013 and it will be held thereafter on every Wednesday.

DSM/RS/ka

(Release ID :97290)

Industry-government tax consultation forum established to hear industry representations and facilitate weekly meetings for tax policy dialogue. The Ministry of Finance established a consultative forum chaired by the Adviser to the Finance Minister to hear industry representations on tax-related issues and disputes. The Chair will be assisted by officers from the Tax Policy and Legislation wing of the CBDT and the Tax Research Unit of the CBEC. The forum will meet weekly on Wednesdays at a fixed time; Chambers of Commerce, industry associations and industry may seek appointments and will be given hearings on a suitable Wednesday.