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Sanjaya Kumar Mishra To Head of the GST Appellate Tribunal: Retired Justice Sanjaya Kumar Mishra has been appointed as the President of the Goods & Services Tax Appellate Tribunal (GSTAT) by the Center, marking a significant move towards efficient dispute resolution for businesses.
Appointment of President of the GSTAT
The Appointment Committee of the Cabinet, following the recommendation of the Search-Cum-Selection Committee (SCSC), has approved the appointment of Retired Justice Sanjaya Kumar Mishra for a tenure of four years. This appointment, accompanied by a monthly salary of Rs. 2.50 lakh, underscores the government’s commitment to streamline dispute resolution mechanisms.
Establishment of GST Appellate Specialized Tribunal
In a bid to enhance the effectiveness of tax dispute resolution, the Finance Ministry has issued vacancy circulars for 63 judicial members and 33 Technical Members across the Center and States. Notably, the setup of 31 Goods & Services Tax Appellate Tribunal (GSTAT) benches, including a principal bench in Delhi and additional benches across various states, signifies a concerted effort to address GST-related disputes promptly and efficiently.
Role of GST Specialized Tribunal
The establishment of the Goods & Services Tax Appellate Tribunal (GSTAT) is pivotal in ensuring fairness, accountability, and the rule of law in tax administration. By providing a specialized mechanism for timely resolution, these tribunals alleviate the burden on businesses previously entangled in prolonged and costly legal battles. With the increasing number of appeals against orders of first appellate authorities, the need for a dedicated and specialized Goods & Services Tax Appellate Tribunal (GSTAT) has become paramount.
Enhancing Business Sentiments
Industry experts have lauded the appointment of Retired Justice Sanjaya Kumar Mishra and the establishment of the Goods & Services Tax Appellate Tribunal (GSTAT), citing their potential to boost business sentiments and facilitate economic growth. Notably, the move is expected to expedite the resolution of cases, thereby reducing the financial strain on businesses and enhancing the ease of doing business in the country.
Conclusion
With Retired Justice Sanjaya Kumar Mishra at the helm of the Goods & Services Tax Appellate Tribunal (GSTAT) and the concerted efforts to strengthen its infrastructure, India is poised to usher in a new era of streamlined tax dispute resolution. By fostering a conducive environment for businesses, the government underscores its commitment to promoting economic growth and prosperity.
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