LARGE TAXPAYERS UNITS (LTU s ):

A LTU is one who meets any one of the following conditions :

• Excise Duty in cash ( account current ) of Rs. 5 crores or more OR
• Service tax in cash (account current ) of Rs. 5 crores or more ;OR
• Income tax advance /corporation tax of Rs. 10 crores or more

A  single office would deal with central excise/service tax/income tax/corporate tax issues of all units holding a single PAN. LTU s gets the following facilities –

• They get facilities of payment of all taxes –direct and in direct will take place at one place (single window system )
• They get facilities of all filing of  returns  and documents ,assessments rebates or refunds ,audits ,recovery  in single window system

A LTU will be headed by a chief commissioner ( either from CBDT OR from CBSE ). The Chief Commissioner ,LTU is responsible for –

• Overall administration of LTU;
• Co-ordination between the direct tax and indirect tax wings of LTU;
• Monitoring of revenue collection;
• Devise effective taxpayer assistance system;
• Review of orders passed by the commissioners as adjudicating authority ( as a member of review committee );
• Distribution of works among LTU officers;
• Quality assurance check/taxpayers feedback system;

Note – The scheme is not applicable to manufacturers of tobacco products and pan masala products.