Setting up of Large Taxpayer Unit at Bangalore - Reg. - Central Excise - Trade Notice No. 41/2006

Commissioner of Central Excise, Bangalore -I, Trade Notice No. 41/2006 Dated 14-8-2006 Subject : Setting up of Large Taxpayer Unit at Bangalore - Reg. The Hon'ble Finance Minister in his Budget Speech 2005-06 had announced the proposal to set up Large Taxpayer Units (LTUs) which would act as a single window facilitation center for all large entities paying Central Excise duty, Corporate Tax/Income Tax and Service Tax. The proposal has since been worked upon in the Government and consequent to wide ranging discussions held with trade and industry bodies/associations, it has been decided to establish LTUs in India in a phased manner. LTUs would be established initially in five large cities viz., Bangalore, Chennai, New Delhi, Kolkata and Mumbai. 2. LTUs will be self-contained tax administration offices under the Department of Revenue acting as a single window clearance point for all matters relating to central excise, income tax/corporate tax and service tax. Entities would be able to file their excise returns, direct taxes returns and service tax returns at such LTUs and for all practical purposes will be assessed to all these taxes at these LTUs. Such units would be equipped with modern facilities and trained manpower to assist the taxpayers in all matters relating direct and indirect tax/duty payments, filing of documents and returns, claim of rebates/refunds, settlement of disputes etc. The scheme aims at reducing tax compliance cost and delays, and bringing out uniformity in the matters of tax/duty determination. An eligible taxpayer can opt to avail of the facility of LTU scheme. 3. Following is the criteria to opt for LTU : Every taxpayer (single PAN-based entity) · who is presently assessed to income tax/corporation tax under the Income-tax Act, 1961 in any of the five cities (Bangalore, Chennai, Delhi, Kolkata or Mumbai ), and · who has paid during financial year 2004-05, · excise duty in cash (account current) of Rs. 5 crore or more; or · service tax in cash (account current) of Rs. 5 crore or more; or · advance (income) tax/corporation tax of Rs. 10 crore or more 4. The first LTU in the country is being set up at Bangalore. LTU at Bangalore will be made functional from 1-10-2006. It shall function from JSS Towers, 100 Ft. Ring Road, Banashankari III Stage, Bangalore 560 085. 5. Individual eligible assessees are being addressed separately. 6. The contents of this Trade Notice may be brought to the notice of the Trade and Industry. 7. This Trade Notice is applicable to Bangalore II/III and Service Tax Commissionerates also.