https://www.taxtmi.com/news?id=14118 A phased corporate tax reduction is proposed alongside rationalisation and removal of exemptions to reduce disputes and broaden the tax base, with advance notice prior to implementation. Simultaneously, implementation of a Goods and Services Tax is planned to create a common market and reduce cascading taxation, and the Education Cess and Secondary and Higher Education Cess are to be subsumed into Central Excise Duty as part of the transition. en-us Sat, 28 Feb 2015 15:03:03 +0530 Sat, 28 Feb 2015 15:03:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14118 A phased corporate tax reduction is proposed alongside rationalisation and removal of exemptions to reduce disputes and broaden the tax base, with advance notice prior to implementation. Simultaneously, implementation of a Goods and Services Tax is planned to create a common market and reduce cascading taxation, and the Education Cess and Secondary and Higher Education Cess are to be subsumed into Central Excise Duty as part of the transition. News - Sat, 28 Feb 2015 15:03:03 +0530 https://www.taxtmi.com/news?id=14118