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Inviting innovative ideas and suggestions on tax policy and administration

Inviting innovative ideas and suggestions on tax policy and administration
Start Date :
Sep 18, 2015
Last Date :
Mar 01, 2016
00:00 AM IST (GMT +5.30 Hrs)
Submission Closed

One of the key priorities of the Government is to provide a non-adversarial and a responsive tax administration with the main objective of creating an environment conducive for ...

One of the key priorities of the Government is to provide a non-adversarial and a responsive tax administration with the main objective of creating an environment conducive for achieving higher investments and growth. At the same time the focus is also on ensuring ease of doing business for the taxpayers. For individual taxpayers, Government endeavours to promote voluntary compliance by making compliance easy and reducing the cost of compliance for the taxpayers. These steps are aimed to ultimately result in buoyant revenue collections, reflecting higher growth, leading to higher standard of living and better quality of life for the citizens.

The Department of Revenue invites taxpayers and general public to provide innovative ideas and suggestions on tax policy and administrative issues with the objective of ease of doing business and reducing compliance cost for industries thereby facilitating buoyancy of revenue and increase in investment leading to higher growth.

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Showing 1495 Submission(s)
Abhishek Goel
Abhishek Goel 10 years 4 months ago
Abolish value added Tax system and impose tax (future GST) only at the time of manufacture of goods (Govt. can increase 1%-2% Tax to maintain Parity) . It will facilitate the govt in better administration of Indirect Taxes due to lower no. of Tax Payers and will help the Traders (including HUGE no. of retailers and small wholesalers) for which collection and payment of Taxes is very difficult to manage. Further it will help in promoting the Government initiative on "Ease of doing Business".
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JAGDISH PATHAK
JAGDISH PATHAK 10 years 4 months ago
Recently a Notification issued by authority Bhavnagar Gujarat about RTO Traffic penalty charges for not helding PUC of vehicle rs. 1000/=. It is created & enhanced more corruptive practice and unduly harassment to public without changes in pollution control. I want to suggest that the object of PUC to control the pollution and not only to held with vehicle,hence,first instance,if any person found without PUC,he has been given chance to clear PUC within 24 hours,if he failed,penalty to be charged
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Navneet Singhal
Navneet Singhal 10 years 4 months ago
Arthkranti taxation system will bring much more revenue to the Government but will stop corruption black money and private shops of netas. so only no one is willing to even openly discuss this system in comparison to existing system which is too worse for Bhartiy...
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Navneet Singhal
Navneet Singhal 10 years 4 months ago
highest denomination of Rs. 1,000 works out to 33 which is much lower as compared to USA or Japan. Next proposal is that cash transactions should be made free from this taxation system but the limit for the same should be set up, say Rs. 2,000 instead of current restriction of Rs. 20,000. So, if a person has small transactions such as having of Golgappe or Samose, they are not supposed to pay this tax. Now, the main question comes. Is our country’s Banking Infrastructure so strong!जन धन योजना
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Navneet Singhal
Navneet Singhal 10 years 4 months ago
Next Proposal is on removing High Denomination Currency. This is a much known fact that the high denomination currency is responsible for parallel economy. If say, Government removes all currency notes above Rs. 50, can a terrorist carry so many number of Rs. 50 notes with him or can money laundering be done with so many of notes!! But as per current scenario, YES, it is possible in Rs. 1,000 denomination notes. Also, the per-capita Income in India is Rs. 33,000 which if divided by highest denom
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Navneet Singhal
Navneet Singhal 10 years 4 months ago
The tax of 2% will be used, say by: Particulars Percentage of Tax Central Government 0.7% State Government 0.6% Local Government 0.35% Bank for Expansion 0.2% Global Use 0.15% Thus, India can now work for poor countries such as Africa, Bangladesh, etc. Also, here the thing which can be done is that citizens should be made free of filing Tax Returns, Deposit Challans, etc because the tax is now directly deducted on all credit transactions by Banks. Next Proposal is on removing High
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Navneet Singhal
Navneet Singhal 10 years 4 months ago
Government should make legal provisions to restrict cash transactions up to a certain limit. Now, the first proposal of the research group is to remove completely all the existing Central, State or Local taxes, being Income Tax or Service Tax and others except the Customs or Import duties which are used to balance International Trade. Another proposal is that banks will now deduct taxes at 2% on receiving i.e. credit accounts only. The tax of 2% will be used, say by:
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Navneet Singhal
Navneet Singhal 10 years 4 months ago
A new system of taxation is proposed by a Pune based research group Arthkranti Pratishthan where it has 5 components in its proposal: Withdrawal of existing Taxation system completely (except Customs i.e. Import Duty) Every Transaction routed through a bank will attract certain deductions in appropriate percentage as Transaction Tax i.e. Single point tax deducted as source. Withdrawal of High Denomination Currency. Cash transactions will not attract any Transaction Tax.
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Navneet Singhal
Navneet Singhal 10 years 4 months ago
आज की मौजूदा टैक्स व्यवस्था अंग्रेजो की बनाई हुई है हम भारतीयों पर राज करने के लिए और लूटने के लिए. आज़ादी के बाद भी इस लुटेरे सिस्टम को चलाना कौनसी गुलामी की मानसिकता है? भारत का, भारत के द्वारा और भारत के लिए बनाया गया सिस्टम ही लागु होना चाहिए. अर्थक्रांती टैक्स व्यवस्था एक ऐसी ही व्यवस्था है. जिसमे भारत के लोगों को सभी तरह के टैक्स से मुक्ति मिलेगी, अकाउंट बनाने से मुक्ति मिलेगी, महंगाई खत्म हो जाएगी, गरीबी खत्म हो जाएगी, नकली नोट का धंधा बंद, भ्रटाचार लगभग खत्म हो जायेगा. क्यूँ नहीं इस पर
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naresh minocha
naresh minocha 10 years 4 months ago
An innovation that have written earlier (see budget link at nareshminocha.com) but would reiterate is simple: Stop annual tinkering with all taxes. Announce five-year, fixed, stable tariff for both direct and direct taxes. This would reduce cost of administration and improve ease of doing business. It is key to boosting GDP growth by at least 1% on sustained basis. Redefine annual budget as statement of allocations and expenditure on numerous schemes, entities, etc. #TaxPolicy #budget
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