Bengaluru: Finance Minister Nirmala sitharaman slammed the CBDT on Monday (Central Board of Direct Taxes) And CBIC (Central Board of Indirect Taxes and Customs) officials for not responding to the complaints of the assessees. In an interaction with the industry in Bengaluru on Monday, he said the two central organizations should engage effectively with the assessees, and suggested that they hold meetings with the industry every Saturday.
“I am very curious to know whether CBIC and CBDT are here. Are you all engaging with your own assessee? The questions being asked here are not questions where I need secretaries Ministry of Finance You have to sit here and explain. These are for the boards,” Sitharaman said at the budget outreach event, in which finance ministry officials met industry and trade bodies.
“You have to be here every Saturday. Keep yourself open, and communicate over phone and email. Here are a number of questions the secretaries wanted to answer, I want you to answer the assessees personally,” she said. said.
she was answering Karnataka Bank CFO Muralidhar Krishna Rao’s question demands clarity on certain provisions of the GST Act and direct tax deduction affecting the banking sector.
“Tell them where the bottleneck is, and if a policy change is necessary, or if something needs to be changed in the Finance Bill, then the opportunity lies before you,” she said.
He said that most of the questions asked during the dialogue session on the budget were related to the two boards. “This (question) just tells me, and I am sorry I had to comment like this on the boards – are you all sitting in your office and not reaching out to your assessees as well?” Sitharaman said.
“I am very curious to know whether CBIC and CBDT are here. Are you all engaging with your own assessee? The questions being asked here are not questions where I need secretaries Ministry of Finance You have to sit here and explain. These are for the boards,” Sitharaman said at the budget outreach event, in which finance ministry officials met industry and trade bodies.
“You have to be here every Saturday. Keep yourself open, and communicate over phone and email. Here are a number of questions the secretaries wanted to answer, I want you to answer the assessees personally,” she said. said.
she was answering Karnataka Bank CFO Muralidhar Krishna Rao’s question demands clarity on certain provisions of the GST Act and direct tax deduction affecting the banking sector.
“Tell them where the bottleneck is, and if a policy change is necessary, or if something needs to be changed in the Finance Bill, then the opportunity lies before you,” she said.
He said that most of the questions asked during the dialogue session on the budget were related to the two boards. “This (question) just tells me, and I am sorry I had to comment like this on the boards – are you all sitting in your office and not reaching out to your assessees as well?” Sitharaman said.