Rationale for LTUs?

LTU (Large Taxpayers Unit) is a self-contained office to provide single window facilitation to taxpayers who pay direct and indirect taxes above a threshold limit.  This office that would deal with Central Excise/ Service Tax/ Income Tax/ Corporation Tax issues of all units holding a single PAN.  It also provides certain tangible advantages   (such as duty free movement of goods across the different units/ premises of a PAN holder, transfer of credit amount from one such premises to other); to ensure time bound disposal of refund claims and dispute settlements; and to follow single set of simple procedures for all units. 

The underlying commitment is of providing better service to the taxpayer, through personalized attention, quality of service, transparency in transactions and cordial atmosphere.  This will reduce tax compliance cost, reduce delays and ensure uniformity in the matters of tax/ duty determination. 

 

Eligible taxpayers   may opt to avail the facility of assessment under LTU, which would be especially beneficial to those taxpayers with multilocational operations.