Monday, February 16, 2009

Some tax efforts

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Some tax efforts and administrative reforms made by the government disclosed in the interim budget

Tax efforts and administrative reforms:

Tax Effort

* Comprehensive reforms of tax system both direct and the indirect tax system have enabled the tax administration to enhance its functional efficiency and provide better tax payer services leading to increased compliance. Rates of Union Excise Duties and Service Tax rationalized for eventual shift to the Goods and Service Tax on 1st April, 2010.

* 109 marine vessels sanctioned for the Customs Department to prevent movements of contraband goods across the country’s sea borders.

Administrative Reforms

* The enactment of the Right to Information Act at the Centre and in many States ushering in greater accountability of the public servants.

* Recommendations of the Sixth Central Pay Commission approved by the Government has benefited over 45 lakh Central Government employees including the Defence Forces as well as the Para-Military forces and over 38 lakh pensioners.

source: livemint.com

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