Budget 2024: Tax expert calls for swift formation of GST Appellate Tribunals As concerns over tax notices and the litigation burden on High Courts persist, industry experts have stressed the need for the creation of Goods and Services Tax (GST) Appellate Tribunals.

Finance Minister Nirmala Sitharaman is gearing up to present the sixth Union Budget under the Modi government on February 1, 2024. With the Lok Sabha polls looming, industry leaders anticipate crucial budget announcements.

However, acknowledging that this budget will be a vote-on-account with limited changes, Kunal Chaudhary, Partner of Indirect Tax at EY, highlighted the critical industry ask.

"I think, one thing which the government should do, and is the ask of the industry also; (is that) there is no tribunal which is still being formed," he said.

While Chaudhary underscored the need for these tribunals, it's to be noted that the government notified the creation of 31 GST Appellate Tribunals--31 state and one national--on October 25, 2023.