• Tue. Sep 20th, 2022

Chandigarh Beopar Mandal tackles issues of commission traders : The Tribune India

ByChad J. Johnson

Sep 7, 2022

Tribune press service

Chandigarh, September 6

The Chandigarh Beopar Mandal (CBM) met members of a visiting team from India’s new Capacity Building Commission on Compliance Facility during a meeting held today at the office of the Department of income tax.

The meeting was chaired and moderated by PS Punia, Former Chief Commissioner, Income Tax, Chandigarh, and now National Advisor to the Capacity Building Commission of India, under the Prime Minister’s Office and co-chaired by Manu Malik, Chief Commissioner, Income Tax, Chandigarh, as well as Tarundeep Kaur, Additional Commissioner, Income Tax Range-I.

The Commission has been tasked with making procedural and behavioral changes to staff in important subsections – UT Police, Direct Taxes and Railroads – to make these services more citizen-friendly.

Charanjiv Singh, Chairman of CBM, addressed the issue of unnecessary instructions from the Income Tax Department in Section 44 of the tax audit report regarding the allocation of purchases and expenditures from registered, unregistered and composite suppliers in accordance with the GST. He asked for the cancellation of this provision as it is difficult for them, especially for small businesses, to compile the details of the breakage as there are many entries on a daily basis and this will also not affect the obligations assessments, whether or not the purchase is a registered or unregistered dealer.

Darpan Kapoor, Vice President, CBM, addressed the issue of denial of expenses in the event of a slight delay in ESI and EPF payments. This should be allowed after filing the same as the previous practice.

Mohit Sood, secretary of the CBM, called for incentives for honest taxpayers in the form of old age pension, medical insurance and other social security schemes.