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    <title>Government Sets-up A High Level Committee to Interact with Trade and industry on Tax Laws</title>
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    <description>A High Level Committee will engage with trade and industry to identify tax law clarity issues and recommend clarifications to CBDT/CBEC. The Committee will be supported by two senior Nodal Officers recommended by the boards and approved by the Revenue Secretary, may consult external experts, set its procedures, and will serve a one year term. CBDT/CBEC are to issue required circulars, instructions or clarifications within two months of receiving the HLC&#039;s recommendations; the HLC will submit half yearly reports to the Finance Minister.</description>
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