Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TDS :: articles on VAT and GST in India :: form 3cd :: cpt :: list of goods taxed at 4% :: VAT Audit :: empanelment :: due date for vat payment :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4%
 
 
Service Tax »
 GST to rate taxpayers, businesses on payment record, make ratings public
 7 major benefits of Goods and Services Tax
 100 Opening GST Profiles- Indirect Taxation- ALL Industries
 New Opening Sr. Manager-Indirect Tax For A Leading Power Company
 Tax Collected At Source Under GST Regime
 India's GST challenge makes Donald Trump's tax overhaul look easy
 What does GST hold for Indian youth?
 GST will help India move towards becoming a commercial union
 Friendly advance ruling mechanism to smoothen ride under GST regime
 GST impact: Small businesses could under-report income initially
 The art of doing business under GST

CII asks FinMin not to hike excise, service tax
February, 27th 2012

Industry body CII today asked Finance Minister Pranab Mukherjee to retain the current rates of excise and service tax in the Budget to boost investments.

"There is a strong need for retaining the current rates of excise and service tax to spur investment by the industry," CII said in its pre-Budget memorandum.

As the government is faced with widening fiscal deficit, there are apprehensions in the industry that excise duty may be hiked in the Budget.

Finance Minister Pranab Mukherjee will present the Budget for 2012-13 fiscal on March 16.

Following the economic slowdown in September 2008, the government had provided fiscal stimulus, including cut in excise duty, to provide a cushion to the domestic industry.

The industry chamber has recommended continuation of 10 per cent standard rate of excise duty in the next financial year.

The industrial growth as measured by the Index of Industrial Production (IIP) during April-December was meagre 3.9 per cent, as compared to 9 per cent in the corresponding period of 2010-11.

Further, CII has sought some initiatives to accelerate the pace of private investments in the Budget.

"In the wake of deteriorating fiscal health of the government...announce initiatives that can accelerate the pace of private investments," it said.

CII said the revival in the investment growth has to essentially come from the private sector and the Union Budget can do a lot in this direction.

The chamber has underlined the need for identifying and fast-tracking at least 100 mega projects in the manufacturing and infrastructure.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions