https://www.taxtmi.com/news?id=1553 The Budget sets a tax reform roadmap by operationalising the Direct Taxes Code from April 2012 and introducing a constitutional amendment to enable the Goods and Services Tax, while adjusting direct tax thresholds, marginally increasing the Minimum Alternate Tax and extending MAT coverage for certain SEZ activities. Indirect tax changes impose a nominal central excise on selected formerly exempt items, alter customs duties on specified inputs, and expand the service tax base. Concurrently, the Budget raises allocations for social sectors and infrastructure, enhances targeted subsidies and proposes financial sector capital and support measures. en-us Mon, 28 Feb 2011 13:38:38 +0530 Mon, 28 Feb 2011 13:38:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1553 The Budget sets a tax reform roadmap by operationalising the Direct Taxes Code from April 2012 and introducing a constitutional amendment to enable the Goods and Services Tax, while adjusting direct tax thresholds, marginally increasing the Minimum Alternate Tax and extending MAT coverage for certain SEZ activities. Indirect tax changes impose a nominal central excise on selected formerly exempt items, alter customs duties on specified inputs, and expand the service tax base. Concurrently, the Budget raises allocations for social sectors and infrastructure, enhances targeted subsidies and proposes financial sector capital and support measures. News - Mon, 28 Feb 2011 13:38:38 +0530 https://www.taxtmi.com/news?id=1553