Union Cabinet gives nod to establish Tax Administration Reform Commission
The Union Cabinet accepted the proposal for setting up of the Tax Administration Reform Commission (TARC) to remove uncertainty and establish a stable and non-adversarial tax administration.
What is the task before Tax Administration Reform Commission (TARC)?
The Commission will work on following areas of Tax reforms:
- To review the application of tax policies and tax laws in India in the context of global best practices and recommend measures to strengthen the capacity of the tax system in India that would reflect best global practices.
- To help in removing ambiguity in application of tax policy and tax laws thereby establishing a stable tax management and a non-adversarial tax administration.
- To provide an efficient tax administrative system that would improve the tax base as well as tax payer base.
Tags: Current Affairs 2013