https://www.taxtmi.com/news?id=12936 The budget prioritises fiscal consolidation via a declining fiscal deficit path and an Expenditure Management Commission, while overhauling the subsidy regime to target protection for marginalized groups. It commits to implementing a Goods and Services Tax, widens tax bases with compliance measures and reliefs for individuals, and provides sectoral tax incentives. Parallel reforms include selective FDI liberalisation with domestic management safeguards, facilitation for foreign portfolio investors, financial inclusion initiatives, and extensive allocations to social and infrastructure programmes coupled with tax and administrative facilitation to reduce litigation and promote investment. en-us Thu, 10 Jul 2014 13:40:41 +0530 Thu, 10 Jul 2014 13:40:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12936 The budget prioritises fiscal consolidation via a declining fiscal deficit path and an Expenditure Management Commission, while overhauling the subsidy regime to target protection for marginalized groups. It commits to implementing a Goods and Services Tax, widens tax bases with compliance measures and reliefs for individuals, and provides sectoral tax incentives. Parallel reforms include selective FDI liberalisation with domestic management safeguards, facilitation for foreign portfolio investors, financial inclusion initiatives, and extensive allocations to social and infrastructure programmes coupled with tax and administrative facilitation to reduce litigation and promote investment. News - Thu, 10 Jul 2014 13:40:41 +0530 https://www.taxtmi.com/news?id=12936