MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S.S. PALANIMANICKAM)
(a): The total amount of taxes, both direct and indirect outstanding as on 30th September, 2004 and the amount
realized upto 30th September, 2004 is given below:
Rs. In crores Amount Outstanding Amount realized
Direct Taxes 81,399.00 3462.00
Indirect Taxes 15,970.35 560.01
(b): As the outstanding amount is pending for decision before the various statutory authorities, no specific target
date can be fixed for the recovery of arrears. Moreover, fresh tax demands are constantly being added to the outstanding
arrears and a part of the arrears is being liquidated on a continuous basis. However, every effort is being made to recover
the arrears expeditiously.
(c) & (d): The Government have decided to constitute the National Tax Tribunal and accordingly a notice for introduction
of the National Tax Tribunal Bill in the current Winter Session of the Parliament has been given by Ministry of Law.
