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: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: due date for vat payment :: form 3cd :: VAT RATES :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: empanelment :: Central Excise rule to resale the machines to a new company :: VAT Audit :: TDS :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
Service Tax »
 All you want to know in 5 brief points
 GST loss to be reduced by slice of service tax
 Government encouraging self-registration for GST
 Spl assembly session on GST Bill on May 9
  Getting the trade to align with GST is a challenge
 Getting the trade to align with GST is a challenge
 With GST launch, race against time to avoid sales tax upheaval across India
 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

Assocham seeks tax sops, Goods and Services Tax in Budget for growth
June, 04th 2014

Industry body Assocham has pitched for early rollout of Goods and Services Tax (GST), revival of special economic zones (SEZs), a stable tax regime, slashing of tax rates and tax incentives for creation of Indian brands to be introduced in the first Union budget under Narendra Modi-led government.

The industry chamber shared its suggestions for reviving growth and boosting the manufacturing sector in a pre-budget consultation meeting earlier this week with Revenue Secretary Rajiv Takru.

"The first Union budget by the new government should reflect its tax policy direction to stimulate economic growth, contain inflation and create conducive environment for investment especially in manufacturing and infrastructure which generates large-scale employment," Assocham said.

The industry chamber sought tax incentives to promote in-house R&D and create Indian brands.

"It is vital that tax incentives for creation of Indian brands be introduced in the coming budget to promote national and corporate energies to create world-class Indian brands. Such global brands can contribute increasingly to import substitution and value added exports," Assocham said.

Among other things, it sought extension of tax benefits to telecom and power sectors, simplification of tax structure, bringing down personal and corporate income tax rates, slashing of excise duty and service tax rates to 10 per cent from 12 per cent and creation of a conducive tax regime for attracting investments.

Pointing out that indirect tax has always been an effective tool to drive economic and social growth, Assocham pressed for the indirect tax structure to be replaced with Goods and Services Tax (GST) to integrate India into a single economy and provide a unified tax policy for the country.

"It is now time to act and implement GST at the earliest," it said.
For revival of SEZs, the chamber suggested immediate withdrawal of Minimum Alternate Tax (MAT) and Dividend Distribution Tax (DDT) while restoring the SEZ policy to its present form.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Sitemap

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