A parliamentary panel on Wednesday requested the revenue department to formulate a concrete motion plan to get well tax arrears, estimated at over ₹21 lakh crore.
The report of the Standing Committee on Finance, tabled in Parliament, mentioned the income division appears to be “caught up within the vicious cycle to tax arrears”, as about ₹18.68 lakh crore in direct tax and ₹2.95 lakh crore in oblique tax arrears are excellent.
