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TAXATION VERTICAL

Ms. Nidhi Goyal

President: Taxation

Mr. Sarthak garg

Vice President: Taxation

The Taxation Committee of BRICS CCI has been constituted, covering both Direct and Indirect Taxes — including Income Tax, Goods and Services Tax, Customs Duty, Foreign Trade Policy, and Procedures. The main function of the Committee is to update industry and members of BRICS CCI on direct and indirect tax laws, rules, regulations, circulars, notifications, judicial pronouncements, etc., enacted or issued by the Government from time to time.

The Committee will prepare suitable memoranda for the Government of India containing suggestions for improvements in the respective legislation and budget to simplify tax laws and their administration to make it more responsive to the tax-payer.

The second important function of the Committee is to enhance the knowledge of the members of the BRICS CCI by organizing workshops, seminars, e-learning, symposium, and certificate courses independently and also with trade and industry.

Objectives of the Committee:

  • To conduct Pre-Budget and Post-Budget Workshops.
  • To examine Direct and Indirect Tax laws, rules, notifications, circulars, advance rulings, press releases, etc. issued and to submit a memorandum to the CBDT, GST Council, and other relevant authorities pre and post major policy/council meetings.
  • To make representations on Income Tax, GST, and other direct/indirect taxes to Central/State Governments, CBDT, GST Council, and other bodies.
  • To assist, advise and interact with the Government of India, State Governments, Central Board of Direct Taxes (CBDT), Goods and Services Tax Network (GSTN) & other authorities and/or its committees/groups formed in policy matters and those relating to the functioning and administration of taxes.
  • To enhance the awareness/knowledge of Direct and Indirect Taxes prevalent in India and the potential opportunities by organizing workshops, seminars, e-learning, symposium, certificate courses, and interactive programs independently as also with trade and industry.
  • To update/review and revise existing publications and bring out new ones as may be relevant including Newsletter/e-newsletter.
  • To popularise awareness of the Direct and Indirect Tax framework.
  • To conduct research/studies in India and publish the same and to bring out publications of useful topics in Direct and Indirect Taxes.
  • To conduct training programs for officials of Central and State Governments on areas relating to Income Tax, GST & other Direct/Indirect Taxes.
  • To carry out such other matters as the BRICS CCI may refer to the Committee.