https://www.taxtmi.com/article/detailed?id=5674 The budget should set a clear roadmap and sunset for implementation of Goods and Services Tax, indicating rate architecture between central and state components and subsuming state and local levies. Concurrently, it should pursue simplification of indirect tax rates, abolition of Central Sales Tax, rationalisation of SEZ incentives, elimination of cascading taxation through sale consideration amendments, and streamlined refund and cenvat mechanisms. Administrative reforms must include single point jurisdiction for audits and adjudication, prescribed time limits for proceedings, greater accountability and training of officers, and incentives tied to dispute resolution to reduce litigation and compliance costs. en-us Thu, 19 Jun 2014 16:50:56 +0530 Thu, 19 Jun 2014 16:51:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5674 The budget should set a clear roadmap and sunset for implementation of Goods and Services Tax, indicating rate architecture between central and state components and subsuming state and local levies. Concurrently, it should pursue simplification of indirect tax rates, abolition of Central Sales Tax, rationalisation of SEZ incentives, elimination of cascading taxation through sale consideration amendments, and streamlined refund and cenvat mechanisms. Administrative reforms must include single point jurisdiction for audits and adjudication, prescribed time limits for proceedings, greater accountability and training of officers, and incentives tied to dispute resolution to reduce litigation and compliance costs. Articles Budget - Tax Proposals Thu, 19 Jun 2014 16:50:56 +0530 https://www.taxtmi.com/article/detailed?id=5674