Chamber’s Activities FLAGSHIP ACTIVITY Expert Committee Activities - Indirect Taxes & VAT 17th & 18th October 2014
Two Day All India workshop on Indirect Taxes
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nder the auspices of the Expert Committee on Indirect Taxes and VAT, the above workshop was organized on 17th & 18th October 2014 at Hotel GRT Grand. This is one of the flagship events of the Chamber, being organised year on year for the last few decades. Mr.S.G.Prabhakharan, President, MCCI, while welcoming the gathering stated that the Chamber has always Mr. K.Anantha Padmanabhan IRS, Chief Commissioner of Central Excise, Chennai addressing the been respected for its knowledge base audience during the Inaugural session of the Two day All India Workshop on Indirect Taxes and expertise particularly in Taxation and Finance subjects. He stated that the expert committees on these subjects have acted as think tanks and have been constantly discussing and deliberating on tax policies and the rules and procedures and have never hesitated to flag up whatever practical difficulties faced by the industries and businesses. He informed about the Chamber’s interaction with Dr.Parthasarathi Shome, Chairman Tax Administration Refor m Commission(TARC) in Mr. K. Vaitheeswaran, giving an overview of the workshop November 2013 while he was on his visit to various cities in the country to have interactions only on experts for interpretation. He concluded by with the industry stakeholders, to understand the stating that the Chamber organizes such workshops for issues of tax payers, in order to bring about the two reasons - one to educate and guide the member necessary reforms. industries for tax compliance; second to understand Mr. Prabhakharan informed that the Chamber always and collate the ground level issues in taxation which encourages its members to be 100% tax compliant. need to be addressed by the policy makers and Tax evasion will lead to loss of revenue for the regulators and flag up the issues to them, to make Government and this would in turn increase the rates life easy for the regulators and businessmen. of tax thus increasing the burden for business men. He added that to be 100% tax compliant, tax laws, should be simple, clear, transparent and that can be understood by a businessmen, instead of depending
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Mr. K. Vaitheeswaran, Chairman, Expert Committee on Indirect Taxes gave an overview of the two day workshop. He briefly introduced the topics and the Speakers and set the tone for the workshop.