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Careful in tax chase, revenue secy Malhotra tells officials
Mint Hyderabad
|December 05, 2024
To be sure, India has set an indirect tax collection target of ₹16.2 trillion for the current financial year
this approach and I would take this opportunity to (urge) all the members of customs and DRI present here to keep the interest of the economy before the interest of the revenue," he said.
In August 2022, the CBIC had told field officers that it has noticed in certain cases they had issued summons to top company officials in a routine manner to call for documents and evidence that were anyway available on the GST portal.
The tax authority then instructed the officers to be judicious while exercising their power of issuing summons to senior officials of companies such as chief executive officers, chairman, managing directors and chief financial officers.
Tax experts welcomed the revenue secretary's message.
"This is a very positive development for the industry—it signals the government's intention to support the sector rather than solely focusing on revenue generation," said Saurabh Agarwal, tax partner at audit and consulting firm EY.
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