Friday, 7 June 2013

March 2013 News 9: GOVERNMENT TIGHTENS TAX RECOVERY NORMS


GOVERNMENT TIGHTENS TAX RECOVERY NORMS
[Tax payer will get just 30 days to obtain a stay on disputed indirect tax]

The Central Board of Excise and Customs (C.B.E.C.) has sought to initiate recovery proceedings on custom, excise and service tax orders raised if the tax evader is unable to obtain a stay within 90 days.
After 30 days of filing of an appeal together with a stay application by the taxpayer with the Commissioner (Appeals) or the Customs, Excise and Service Tax Tribunal (CESTAT), the indirect tax authorities will move to recover the demands raised, even if the stay application has not been heard. In case of appeals before the courts, even the 30 days period is not available and recovery will be, initiated immediately, according to CBEC circular issued some days back.
Particularly, it is difficult for taxpayers to obtain a stay order within such a short time. The irony is that the law itself permits the appellate authorities, both the Commissioner (Appeals) and the higher authority CESTAT to hear a stay petition within six months from the date of filing a stay appeal. There are various other situations outlined in this circular, but the essence in each case is the same-it all boils down to expediting recovery proceedings.
For indirect tax matters, the taxpayer when filing a litigation appeal in parallel also files a stay application. Prior to the issue of this circular, dated January 1, 2013, which is addressed to the chief commissioners, the indirect tax authorities did not resort to coercive action to recover the demand raised, till the stay application was heard. This circular has also rescinded seven earlier circulars, some of which were more beneficial to the tax saver.

This circular will not only impact India Inc-both large and small entities-but will also impact service providers and professionals that pay service tax. Bipin Sapra, partner, Ernst & Young, said : "While this circular refers specifically to excise, the procedure set out would be applicable to service tax matters also." Today almost all services, apart from 17 exempt heads under the negative list, such as school educational services, public transport, healthcare, services provided by an individual
advocate to other individuals, to name a few, are covered under  the service tax net and taxed at 12.36%.
Ramifications of this circular are wide, as the cash flow situation now arising owing to prompt payment of service tax demand, may cascade down to consumers through higher pricing.
Sunil Gabhawalla, a chartered accountant, said : "The circular is draconian and detrimental to the interests of taxpayers. Taxpayers will have to follow up aggressively to ensure they get a stay within 30 days.
However, if for instance, the Commissioner (Appeals) or the Tribunal bench does not hear the matter due to huge pendency or non-availability of bench members, it may be difficult to obtain the stay. Typically, even the government department representatives ask for an alternative date for hearing of the stay application which results in delays."
A government official said : "This circular was issued after a Supreme Court order. The Supreme Court in the case of Krishna Sales had observed : 'As it is well known, mere filing of appeal does not operate as a stay or suspension of the order appealed against'." He also added that taxpayers delay hearing proceedings to buy time to pay the demands. An added procedural problem arises for taxpayers.
"Once a stay is obtained, refund will have to be given. However obtaining a refund is time consuming. The circular will cause an added administrative burden to both taxpayers and tax authorities," added Sapra.
 During the first half of the current financial year 2013-13, indirect tax collections had arisen at a low rate of 15.6% to Rs. 2.17 lacs crore only. The government has fixed the target of indirect tax collection, comprising customs, excise and service tax, at Rs.5.05 lacs crore for the current fiscal.
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2012 2012 November updates 2013 2014 2015 current affairs Abbreviations 2012 act 2013 admit card affairs anti rape ordinance april april 2013 April 2014 april 2015 april13 april2013 april2013 april 2013 news April2014 April2015 current affairs archeological army august august 2012 august 2014 august2014 bank po Bank Punchlines 2012 list books and authors 2012 budget budget 2013 budget 2014 budget2013 chopper chopper deal chopper deal 2013 Computer Awareness 2012 by General Awareness COUNTRIES LIST 2012 by General Awareness Currencies list 2012 current current affairs Current Affairs 2012 current affairs 2013 current affairs 2014 current affairs april 2013 current affairs of october 2012 current affairs2013 currentaffairs currentaffairs 2013 currentaffairs 2014 currentaffairs january 2013 currentaffairs2013 CWE RRB RESULTS deal december 2012 December Updates defence disaster divisibilty rules Expected Cut off marks to get interview call FACTS ABOUT INDIA 2012 by General Awareness FCI FCI 2012 FCI SAMPLE TEST FCI TEST february February 2014 February 2015 february2013 february2014 febryary 2013 FIRST'S IN THE WORLD LIST 2012 by General Awareness GA GA 2011 GA 2012 ga 2013 ga 2014 GA 2015 GA April 2012 GA august 2012 ga feb 2013 ga february 2013 GA July 2012 GA June 2012 GA May 2012 GA november 2012 GA September 2012 ga2012 ga2013 ga2014 geenralawareness2013 general awareness General Awareness 2012 general awareness 2013 general awareness 2014 general awareness 2015 general awareness December 2014 general awareness facts general awareness facts of october 2012 general awareness for january 2013 general awareness for may 2013 general awareness june 2013 General Awareness practice test General Awareness Quiz 2012 general awareness2013 general knowledge general knowledge 2013 general studies generalawareness generalawareness 2012 generalawareness 2013 generalawareness 2014 generalawareness 2015 generalawareness april 2013 generalawareness2013 generalawarenesss generalknowledge gk gk 2013 gs gs 2013 headlines helicopter scam IB 2012 ANSWER KEY IBPPS CWE RRB SCORECARD 2012 IBPS IBPS CWE RRB RESULTS IBPS Inteview IBPS RRB IBPS RRB 2012 IBPS RRB Office Assistants IBPS RRB Officers IBPS RRB Results 2012 IBPS RRB SCORECARD IBPS Scorecard EXAM HELD ON 17.6.2012 india and france deal $6 billion india mauritius indian space mission indigenous helicopter interceptor boat joins coast guard iran iran troops January 2014 January current affairs january updates 2013 july july 2014 july2014 june june 2014 June 2015 current affairs June 2015 general awareness June 2015 news june14 justice juvenile juvenile crime juvenile justice act 2013 korea London Olympic Medals Tally 2012 General Awareness Sports march march 2013 March 2014 March 2015 March2014 may may 2013 May 2014 May 2015 May2014 may2015 modi budget 2014 news news 2013 news april 2013 news for may 2013 news june 2013 news october november november 2012 November 2014 november2014 nuclear test nucleartest2013 obama oct oct14 oct2014 october 2012 October 2014 october14 october2014 One word substitutions 2012 Practice Test practice test ssc 2014 practicetest2014ssc PREPARATION PRACTICE TEST rail rail 2013 rail budget 2013 railway Railway Budget 2012-13 railway budget 2013 Railway Budget 2013-14 railwaybudget2013 RRB RRB Officers RRB Results 2012 RRB SCORE Card RRB2012 SBI SBI PRACTICE SBI Practice test scam sep14 september September 2012 september 2014 september2014 sex sexual harassment sexual harassment bill short tricks shortcuts to divide space SSC ssc fci 2012 SSC ONLINE staff selection commission Tests the juvenile justice act 2013 union budget Union Budget 2012-13 Union Budget 2013-14 Union Budget 2014-15 updates of 2013 vedic maths View Your Scores Here World days list 2012

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