The Indian government set up its first Tax Administration Reform Commission on 26 August 2013. The seven-member panel is being given eighteen months to draw up its recommendations.
The Commission is likely to put forward proposals for the creation of a more efficient structure for tax governance and a way to ensure better tax compliance by size, segment and nature of taxes and taxpayers. Also some of the main charges for the Commission are to “review the existing mechanisms of dispute resolution covering time and compliance costs and to recommend measures for strengthening them for both domestic and international taxation.”
In addition to this the Commission will look at the possibility of implementing further export incentives, streamlining the system and permitting more efficient access to tax refunds.
