Outstanding tax demand rose 45% in last 4 years

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Updated: February 13, 2019 6:56:19 AM

According to the data tabled in the Rajya Sabha, outstanding indirect tax payable rose by over 37% between FY16 and FY19 (up to December) but the recoverable direct tax payable went up by over 47% during the same period.

nsc or fixed deposit which tax saving scheme gives better return on investmentAccording to the data tabled in the Rajya Sabha, outstanding indirect tax payable rose by over 37% between FY16 and FY19 (up to December) but the recoverable direct tax payable went up by over 47% during the same period.

The total outstanding tax demand payable to exchequer has risen by nearly 45% to Rs 10.7 lakh crore in the April-December period of the current fiscal from the FY16 level, minister of state for finance Shiv Pratap Shukla said in a written reply in Parliament on Tuesday. The outstanding demand includes both direct and indirect taxes.

The reply, however, cited a confidentiality clause in I-T Act to a deny information on outstanding liability of specific taxpayers in the corporate sector. “General disclosure of tax information of specific taxpayers is prohibited under section 138 of the I-T Act,” the minister said.

Also Read: Suspicious income tax refund claims under the scanner as numbers rise over last 3 years

According to the data tabled in the Rajya Sabha, outstanding indirect tax payable rose by over 37% between FY16 and FY19 (up to December) but the recoverable direct tax payable went up by over 47% during the same period.

“Guidelines for tax recovery officers for recovery and guidelines to assessing authorities for dealing with stay petitions have been issued. A new reward scheme for information leading to recovery of arrears has also been notified. The names of confirmed defaulters are placed in public domain,” the minister said.

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