Revolutionary Raja Ram for Tax & Economic Reforms

@abhishekrajaram

6 months ago

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𝗣𝗹𝗮𝗻 𝗮𝗳𝗼𝗼𝘁 𝘁𝗼 𝗿𝗲𝗰𝗹𝗮𝘀𝘀𝗶𝗳𝘆 𝗶𝘁𝗲𝗺𝘀 𝗳𝗼𝗿 𝗚𝗦𝗧 𝗰𝗹𝗮𝗿𝗶𝘁𝘆 𝗶𝗻 𝗙𝗠𝗖𝗚 𝘀𝗲𝗰𝘁𝗼𝗿 The Central Board of Indirect taxes and Customs #CBIC is planning to prepare a list of products which end up in litigation purely due to classification issues.

The fitment committee is likely to look into such items where there is a minor change in composition but the tax slabs are different, creating confusion in tax liability, mostly in the fast-moving consumer goods #FMCG sector, which recently attracted many tax notices.

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