Kolkata will have to wait for some more time for the proposed large taxpayers’ unit (LTU), already in place in Delhi, Mumbai, Chennai and Bangalore.

Union Finance Minister P Chidambaram, in his Budget speech for 2013-14, had said the LTU in Kolkata would be set up shortly.

On Tuesday, Kameswari Subramanian, Chief Commissioner of Central Excise and Service Tax, said at a familiarisation event at Bengal Chamber of Commerce and Industry that the single-window facility for big taxpayers would ready “soon”.

The expected inauguration of the LTU though said to be scheduled in June, the officials were tight-lipped in committing a timeline.

Meanwhile, R P Ravikumar, Commissioner of I-T, LTU in Chennai said a proposal for taking care of transfer pricing functions at LTUs was being considered by the department of revenue.

(This article was published on May 7, 2013)
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