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Mar 30, 2015
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Companies seek easier rules for large taxpayer units, GST clarity
Businesses paying all forms of central taxes under the single-window facility called Large Taxpayer Units (LTU) have sought simpler procedures and clarity on whether the scheme would continue to be available once the Goods and Services Tax (GST) comes into force in about a year from now.Large “clients” of direct and indirect tax administrations are seeking a differential and easier treatment in terms of verifying invoices and forex remittances compared to how these are done in case of companies not registered with LTUs. Easier procedures can make LTUs, introduced by former finance minister P Chidambaram in 2005, much more appealing, they say.
Source -
http://www.financialexpress.com
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