The Home Textile Exporters' Welfare Association (HEWA) representing small and medium textiles exporters association recently requested the Indian government to introduce 'faceless assessments and faceless appeals' in the indirect tax regime as well so that exporters' interaction with goods and services tax (GST) officials could be eliminated.
In case any exporter is red flagged or declared as a 'risky exporter', it must be informed by field formation the exact cause or the reason for it being red flagged, HEWA said.The Home Textile Exporters' Welfare Association (HEWA) representing small and medium textiles exporters association recently requested the Indian government to introduce 'faceless assessments and faceless appeals' in the indirect tax regime as well so that exporters' interaction with goods and services tax (GST) officials could be eliminated.#
Exporters are identified as 'risky' based on specific risk indicators linked to customs, GST, income tax and Directorate General of Foreign Trade data. The identified risky exporters' information is shared with the central GST formations for physical and financial verification.
The income tax department last week amended its e-assessment scheme to align it with faceless assessment. Amending the e-assessment scheme launched last year, the Central Board of Direct Taxes (CBDT) has notified changes to include change in nomenclature of scheme from 'E-assessment scheme' to 'Faceless Assessment Scheme'.
Prime Minister Narendra Modi has declared that the faceless assessments and taxpayers' charter would come in force immediately, and faceless appeals would begin from September 25.
In a letter to the prime minister, HEWA has sought help for small and medium textiles exporters impacted by the COVID-19 pandemic by relaxing the GST tax regime. The letter said exporters are facing liquidity crunch due to delayed overseas payments and large-scale migration of labourers and reduction of working hours, shortage of working space due to adherence of social distancing norms, according to a news agency report.
HEWA also said Indian textile exporters are ‘not well versed’ with the GST tax regime and depend on tax consultants who charge hefty amount as professional fee.
"In such troubled times, HEWA requests the government for extending its full support to textile export industry by relaxing the complicated new GST tax regime," it added.
Fibre2Fashion News Desk (DS)
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