Indian Revenue Service an Introduction
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INDIAN REVENUE SERVICE AN INTRODUCTION Y V S T SAI, IRS ADDL CIT, RANGE – 2, HYDERABAD VISION, MISSION, VALUES Our Vision To partner in the nation building process through progressive tax policy, efficient and effective administration and improved voluntary compliance Our Mission To promote compliance with our direct tax laws, through caring taxpayer service and strict enforcement and thus realize maximum resources for the Nation Our Values Integrity of conduct, Dedication to our duties and values, Professionalism in our work, Attitude of service to our clients and Fostering mutual confidence BASICS • 151 years history – from 1860 • Core function is direct tax administration • To collect ` 5,70,257 Crore during financial year 2012-13 (collected ` 4,94,000 Cr in last fiscal - ` 13,000 Cr in 1991-92 ) • 60% of tax revenues on account of direct taxes • To provide stable tax regime and bring clarity in tax laws • Projected growth rate 15% • Non-adversarial approach to tax collection • Long ago – Chankya said “Kosha Mulo Danda” • Tax collection – like a bee collects honey from the pollen • About 4 cr tax payers – 532 stations – Cadre strength about 3500 (2nd strength in services) – total employee strength about 50,000 • Cost of collection about 0.6% • Direct tax – GDP ratio – about 6% • Citizen’s charter – IS 15700 compliant !!! ORGANIZATIONAL SETUP MINISITRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES DIRECTORATES FIELD FORMATION CBDT • Statutory authority under the Central Board of Revenue Act, 1963 • Also a division of the Ministry dealing with matters relating to levy and collection of direct taxes. • Chairman and six members • Member (Income-tax) • Member (Legislation & Computerization) • Member (Personnel & Vigilance) • Member (Investigation) • Member (Revenue) • Member (Audit & Judicial) • Zonal (territorial) charges also to members FIELD FORMATIONS • Cadre Controlling Chief Commissioners (18 +1) • Chief Commissioners • Director Generals – Investigation, HRD, Logistics, Admn, HRD, Legal & Research, Systems, Vigilance, Exemptions and Intelligence & Criminal Investigation • Overseas Units • Typical field formation – assessment unit – Circle (AC) – Range (JC/Addl CIT) – Charge (CIT) – Region (CCIT) • Appeal, Audit, TDS commissionarates • Strong emphasis on training – NADT and RTIs OTHER RELEVANT ORGANIZATIONS • INCOME TAX APPELLATE TRIBUNAL • SETTLEMENT COMMISSION – ALTERNATE DISPUTE RESOLUTION • AUTHORITY FOR ADVANCE RULINGS • VALUATION WING • OVERSEAS UNITS • ENFORCEMENT DIRECTORATE • OMBUDSMAN • FIU - IND WHAT YOU MAY FIND !!! • One of the best tax administrations in the World in terms of talent and investigation capability • Quasi-judicial authority – independent decision making • Acquisition of technical skills and professional competence in investigation • Ever improving organization – IS 15700 compliant • Fully computerized environment • Career progression up to level of Chairman, CBDT (we are demanding separate Department of Direct Taxes with full secretary from IRS) • Variety in job including opportunity for international posting • PG Diploma in taxation from NALSAR University (optional) • Anonymity in functioning WHAT YOU MAY NOT FIND !!! • Supervisory role in the beginning of career itself • Large team under you in the beginning of career • Daily publicity in media • Job hopping – generalist functions • Personal attendants at home • Long tenures in a particular post FOR PERSONS WITH MORE INTEREST • PLEASE VISIT • www.incometaxindia.gov.in • www.irsofficersonline.gov.in • www.incometaxindiapr.gov.in • www.nadt.gov.in • finmin.nic.in • www.itat.nic.in • www.itatonline.org • www.itscindia.gov.in • www.aarrulings.in Queries please !!! .