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Can Budget find ways to tackle tax disputes? India Inc is waiting

A robust dispute settlement system would help the government unlock tax revenues, and also aid ease of doing business

Sudipto Dey & Dilasha Seth 

After rationalisation of the corporation tax rates, India Inc is looking at the upcoming Budget for a blueprint of a credible dispute resolution system that proactively addresses ways and means to avoid tax disputes and litigation. In case of a dispute, what businesses look for is greater certainty in the mechanism for out-of-court settlements and a time-bound litigation process.

By the end of the reporting year 2017-18, taxes pertaining to income, services, and excise locked up in disputes were pegged at Rs777,322 crore. The maximum number of cases (70 per cent) is stuck in ...

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First Published: Sun, January 12 2020. 19:51 IST
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