AMCHAM shared member’s concern to Mr. Kamlesh Varshney, Joint Secretary (TPL-1), Ministry of Finance, on the equalization levy provisions introduced by the Finance Act, 2020 (Act) on March 27, 2020 and which are sought to be brought into effect from April 1, 2020.
AMCHAM’s recommendations to Ministry of Corporate Affairs on a consultation paper to Examine Existing Provisions of Law. These recommendations are to make suitable amendments therein to enhance audit independence and accountability.
AMCHAM has made a representation to the Minister of Finance seeking extension of time line of 31st March 2020 prescribed in Vivad Se Vishwas Scheme, 2020.
AMCHAM India has submitted recommendations on the Union Budget 2020-21 to the Ministry of Finance, Government of India, with suggestions compliled from the Tax, Tariff and Regulatory Affairs Committee members.
AMCHAM India has compiled and submitted proposals for the Union Budget 2020-21to the Ministry of Finance in November 2019. The recommendations compiled with suggestions obtained from AMCHAM Members for changes in the duty structure, rates and broadening of tax base on both direct and indirect taxes giving economic justification for each.
On 18 December, AMCHAM India had submitted inputs on GST Provisions, to the Commissioner – GST Policy Wing, CBDT, Mr. Upender Gupta.