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of <h1>Finance Ministry Seeks Industry Input on 2017-18 Union Budget Tax Reforms; Deadline October 18, 2016.</h1> The Ministry of Finance invites suggestions from industry and trade associations for the 2017-18 Union Budget concerning direct and indirect tax changes. Associations are requested to propose modifications in duty structures, tax rates, and the tax base, providing economic justification and supporting statistical data. Proposals should consider the phased reduction of the Corporate Tax rate from 30% to 25% and the removal of tax exemptions as outlined in previous budgets. Suggestions must be submitted by October 18, 2016, via email or hard copy to designated officials, with specific formats and additional information for customs and excise duty proposals.
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