PM to interact with taxmen on govt’s tax policies

RSTV Bureau
File Photo: Finance Minister Arun Jaitley with Prime Minister Narendra Modi.

File Photo: Finance Minister Arun Jaitley with Prime Minister Narendra Modi.

In a first ever conference of two revenue collection arms of the government — CBDT and CBEC, Prime Minister Narendra Modi is scheduled hold interactive sessions with officials on June 16 in New Delhi.

This is the first time that this annual conference of the two large departments is being held together. Till now, the two Boards used to hold such a conference separately with the chief guest being the Finance Minister. While CBDT is responsible for collecting direct taxes, CBEC does the same vis-a-vis indirect taxes.

The conclave will deliberate on a host of issues related to taxpayer services and effective implementation of fiscal laws and government policies, including measures to curb black money generation and circulation.

During the first ‘Rajasva Gyan Sangam’ event the top brass of the Central Board of Direct Taxes and Central Board of Excise and Customs will interact with Narendra Modi. The meet will be attended by about 250 officials and the top brass of the Income Tax department and Customs and Central Excise.

Finance Minister Arun Jaitly with MoS for Finance Jayant Sinha at States' Finance Secretaries in New Delhi on April 11, 2016.

Finance Minister Arun Jaitly with MoS for Finance Jayant Sinha at States’ Finance Secretaries in New Delhi on April 11, 2016.

Officials said both the Boards have been asked to direct their officials to prepare suggestions on taxation related policies so that they can put forth their ideas to the Prime Minister.

“important policy-level and innovative ideas relating to the legislative and administrative framework of taxation in the county will be discussed,” said an Officer preparing for session.

During the two day conference Finance Minister Arun Jaitley, Minister of State for Finance Jayan Singa will also hold a session with officials.

“Both Central Board of Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC) have been asked to prepare a bank of good ideas and out-of-the-box solutions after talking to their officers who will participate in the June 16-17 Gyan Sangam,” a senior Finance Ministry official said.

Modi, at his recent review meetings with CBDT and CBEC officials had reiterated the need for reducing taxpayers’ grievances and ensuring a quick resolution of their problems.

The sessions will be divided into two broad subjects relating to the government’s plan of financial inclusion and ensuring a transparent tax regime for businesses and foreign investors, besides issues and challenges being faced by the departments like Income Tax, Customs, Central Excise and the Directorate of Revenue Intelligence.

(With PTI inputs)