Tamil Nadu - Salem   

Seminar for accountants held

SALEM: The Salem Branch of Southern India Regional Council (SIRC) of the Institute of Chartered Accountants of India (ICAI) organised “Special seminar for Accountants of various business entities on Direct and Indirect Taxes” here at Sona College of Technology campus recently.

G. Goudhaman, Chairman, Salem Branch of SIRC of ICAI presided over the seminar organised with the intention to update the knowledge of the Accountants (Sales tax practitioners) about the recent amendments in the various taxation laws and clear their doubts about provisions of the various taxation laws before finalizing and filing the returns of their employers especially the Income Tax Returns as the due date is fast approaching to file the Income Tax Returns.

R. Vayanaperumal, Joint Commissioner of Commercial Taxes (JCCT), Salem, N. Santhanakrishnan (Salem) and R. Muralidharan (Erode) spoke. N. Santhankrishnan detailed on Income Tax Law while R. Vayanaperumal and R. Muralidharan spoke on TNVAT Act and Service Tax Laws. More than 300 participants including 259 Accountants and 48 Chartered Accountants participated.

They raised lot of queries on various provisions of the taxation laws. Mr. Vayanaperumal, said the participants brought to his notice some practical problems they were facing while uploading the e-Return. He promised the gathering that the matter would be taken to the authorities for necessary action.

During the debate, it was also brought to the notice of the JCCT that, while applying for TNVAT Registration, the Commercial Tax Authorities were demanding for PAN Card copy. They were not accepting the applications even if they simply quote the PAN.

This had led to lot of practical difficulties as the PAN applications were processed at Mumbai and normally, it took more than 30 days to get the PAN card. But a person planning to start business immediately was finding it very difficult to furnish the PAN card photo copies immediately, which led to lot of delay in getting the VAT registration.

In response to the apprehension raised by the participants, the JCCT promised to give suitable direction to all the Commercial Tax Offices under his jurisdiction to accept the TNVAT Registration applications with simply quoting the PAN without PAN Card photocopies and issue the registration without any delay.

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