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India's CII urges tax system overhaul for growth, pushing for digitization, faster dispute resolution, and simplified rules by 2026-27.
The Confederation of Indian Industry (CII) has urged India to overhaul its tax system ahead of the 2026-27 budget, calling for a simpler, digitized, and trust-based framework to support economic growth.
It recommended fast-tracking high-value tax disputes through virtual hearings, suspending parallel penalty proceedings, and resolving cases exceeding ₹100 crore within a year.
CII advocated simplifying the complex TDS/TCS system by reducing categories to two or three, exempting GST-registered business transactions, and reviving an independent Authority for Advance Rulings for binding decisions within six months.
It also pushed for a statutory taxpayer rights charter, full digitalization of customs by 2028, paper-free clearance, extended advance ruling validity, and decriminalization of minor non-wilful tax offenses to boost compliance and investor confidence.
El CII de la India insta a una revisión del sistema tributario para el crecimiento, impulsando la digitalización, la resolución más rápida de disputas y las reglas simplificadas para 2026-27.