Published On : Mon, Jul 6th, 2015

Make necessary changes in LBT amnesty scheme to make it efective – BJP CA Cell

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Nagpur.

Bhartiya Janta Party Chartered Accountant Cell, Nagpur led by President CA. Ashish Mukim met and submitted a detailed representation to Sudhir Mungantiwar, Finance Minister, Maharashtra Government regarding LBT Amnesty Scheme. CA. Ashish Mukim, while submitting the memorandum said that for the recovery of pending Local Body Tax as well and to fulfill the commitment of Government in resolving the issues of trade and industry arising out of LBT, it is necessary to make certain changes in the amnesty scheme to make it effective. The detailed memorandum proposing various necessary changes required in the recently announced Amnesty Scheme was prepared and complied by Senior Chartered Accountant from city CA. Shailendra Jain and Immediate Past Chairman of Nagpur Branch of ICAI CA. Ashwini Agrawal.

The memorandum included suggestions and remedies about various practical problems being faced by trade and industry in the implementation of the scheme. The memorandum informed that a dealer can opt for the scheme only if he pays total amount of principal tax payable by him to respective corporation during the amnesty period of 3rd June, 2015 to 31″ July, 2015. However many dealers who have filed appeals were required to deposit entire amount of dues i.e. tax, interest and penalty so that their appeals can be admitted and heard. In such cases there is a likelihood of the application of these dealers being rejected due to no payment during operative period of the scheme and this will cause injustice to honest taxpaying dealers. The memorandum also requested to allow for rectification of any unintentional mistake which is apparent and observed from the records and amnesty application.

The memorandum also requested for issue of acknowledgement and order within a specific time frame, describing the quantum of waiver of interest and penalty after the acceptance of application of dealer under Amnesty Scheme as currently there is no provision of issue of any order or acknowledgement and it can create various issues in future regarding proofs for remission of liability.

The memorandum also requested for specifying and setting up of administrative mechanism of appeal for cases rejected under amnesty scheme where the dealer has bonafide reasons to believe that his application under amnesty has been rejected without proper procedure of law or appreciation of facts.

Sudhir Mungantiwar, Finance Minister assured the delegation to look into the issues given in the memorandum positively and if found suitable for necessary amendments in the scheme.

Prominently present on the occasion were CA. Sandeep Surana, CA. Jethelal Rukhiyana, CA. Shyam Modi, CA. Deepak Jethwani, CA D.P. Sarda, CA. Chandan Patel, CA. Neeraj Agrawal and more than 25 members of BJP CA Cell.

Representational Pic

Representational Pic