NewsKarnataka-Mangalore

Mangalore : The government is making efforts to simplify the tax policy and E-Governance is one such initiative,  said Ajith Seth, Commissioner of Commercial Taxes, Karnataka. He was speaking at an interactive session  on E-Governance  initiatives – Recent Developments under K-Vat Act’ (online uploading of purchase and sales statements),here on Wednesday May 28.

The programme was jointly organised by the Kanara Chamber of Commerce and Industry (KCCI) and the Mangalore Chapter of the Institute of Charted Accountants of India (ICAI).

Ajith Seth further  said the government intends to have a user-friendly tax policy and made it clear that  the rigid tax policies  did not aim at harming trade activities. In fact the rigid tax policies are framed keeping in mind the 20 per cent of the traders who evade taxes. The Commercial Tax Commissioner also pointed out that while nearly 80 per cent of traders pay their taxes, it is only the remaining less than 20 per cent who usually evade taxes.

As far as framing indirect tax policy is concerned, the states of Rajasthan, Punjab, Gujarat and Maharashtra are well ahead of Karnataka, he informed.

Ajith Seth further informed that the Goods and Service Tax (GST) likely to be ready by April 2015 has been approved by all state governments and parties. All indirect taxes on goods and services will be replaced by GST once it is implemented, he informed.

Shyamala Shenoy, CA and Chairperson of Mangalore Chapter of ICAI. Nandagopal Shenoy, Ganesh Bhat, Ram Mohan Pai Maroor and others were present.