The Indirect Taxes such as service tax, customs and excise etc. are the major contributors to the state’s fiscal revenues, and impact a wider base of persons. Also the indirect taxes scenario is changing rapidly with new developments such as Goods and Service Tax (GST)being proposed to be implemented.
Looking at the increasing importance of indirect taxes and its rapidly changing scenario, the Indirect Tax Committee was set up with a purpose of getting the Information related to Taxes and how the new Policies and Procedures framed by the Government will affect the business houses and Industries. The Committee watches out the new policies applicable in the area of service tax, custom & excise etc., reviewing and analyzing its effects on trade and industry and recommending to Government the appropriate solutions. The Committee provides suitable assistance through the Indirect Tax help desk, and conducts seminars and workshops on regular basis.
The Indirect Tax Committee was last reconstituted in the month of July 2013, under the chairmanship of Shri Subhash V. Modi.