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Textile Exporters Want Faceless Tax Assessments in Indirect Tax System

Textile Exporters urged Faceless Tax Assessments

The small and medium textile exporters have urged the government for including the faceless assessments and appeals of the indirect tax schemes so as to eliminate the interactions with GST administration.

On Thursday, the income tax department makes some changes in its e-assessment scheme to join with the faceless assessment. Changing the scheme of e-assessment which was launched last year by the Central Board of Direct Taxes (CBDT) has given the notice to modify the taxonomy of the scheme from the ”E-assessment scheme” to Faceless Assessment Scheme Know about the government’s newly introduced faceless income tax assessment for providing relief to the taxpayers. Also, check its benefits and working process. read more.

‘The Prime Minister of India has announced that faceless assessment and taxpayers’ will immediately come for filing operations said by Home Textile Exporters’ Welfare Association (HEWA). Additionally they said that the appeals for faceless assessment will begin from September 25. The target of the scheme is to reject the face to face interactions between taxpayers and the income tax department.

“On the same footing HEWA urges the government to introduce faceless assessments and faceless appeals in indirect tax regime also so that exporters’ interaction with GST officials is eliminated,” it said. HEWA further said that in case any exporter is red-flagged or declared as ‘risky exporter’, in that case, the exporter must be informed by field formation the exact cause or the reason for his being red-flagged. Exporters are identified as ‘risky’ on the basis of specific risk indicators based on customs, GST, Income Tax, and DGFT data. The identified risky exporters” The CGST formations for physical and financial identification shared the information. Whereas HEWA has raised its hands for the help in a letter to the Prime minister that small and medium textile exporters suffered by Covid-19 for the relaxation in the GST tax.

The letter states the problem faced by the exporters in liquidity because of payment delay from overseas and a large number of migration of labourers including a reduction in working hours and shortage of space due to social distancing criteria. “not well versed” with the GST tax regime and depend on tax consultants who charge a hefty amount as a professional fee. “In such troubled times, HEWA requests the government for extending its full support to the textile export industry by relaxing the complicated new GST tax regime,” the textile exporters“GST is a new tax regime and it has impacted the Indian textile industry. We depicted its impact on this industry along with GST implication. Read More have expressed the cooperation from the government to contribute towards the Atma Nirbhar Bharat and take part in boosting the economy.

Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

Published by Arpit Kulshrestha
Arpit Kulshrestha seeks higher interests in financial services, taxation, GST, I-T, etc. Writes articles with depth knowledge and is extensive for the same. The resources provide effective articles for the products of SAG infotech which provides taxation and IT software. Writing from observations and researching makes his articles virtuous. View more posts
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