PM Modi launches transparent taxation platform, says faceless assessment, faceless appeal part of reforms

PM Modi launches transparent taxation platform, says faceless assessment, faceless appeal part of reforms

Prime Minister Narendra Modi on Thursday launched a platform ‘Transparent Taxation Honoring the Honest’, which, he said will strengthen efforts of reforming the tax system. The platform will ease tax compliance, the PM said.

Dedicating the new platform to honest taxpayers, PM Modi said, “Banking the unbanked, securing the unsecured is our motto.”

Direct tax reforms are aimed at easing compliance and rewarding honest taxpayers as the government looks to rebuild the pandemic-hit economy.

“This platform has big reforms such as faceless assessment, faceless appeal, and taxpayers charter. Faceless assessment and taxpayers charter come in force from today, whereas faceless appeal service will be available from September 25,” the Prime Minister said.

Finance Minister Nirmala Sitharaman spoke ahead of the launch and said the reform will mark an important step forward in providing a simple and transparent taxation regime.

The virtual event was attended by various chambers of commerce, trade associations, chartered accountants' associations, and "eminent" taxpayers.