https://www.taxtmi.com/news?id=15961 The budget presents fiscal estimates financed mainly from tax revenue and central transfers, and advances taxation principles of distributive character, simplification, minimising arbitrage and voluntary compliance. It proposes specific VAT rate reductions and rationalisations, administrative digitisation and public reward schemes to augment compliance, and legislative and online reforms in excise, stamp duty and registration to plug revenue leakages while allocating significant plan outlays to education, health, water, public transport, urban development and social welfare. en-us Tue, 29 Mar 2016 10:26:34 +0530 Tue, 29 Mar 2016 10:26:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15961 The budget presents fiscal estimates financed mainly from tax revenue and central transfers, and advances taxation principles of distributive character, simplification, minimising arbitrage and voluntary compliance. It proposes specific VAT rate reductions and rationalisations, administrative digitisation and public reward schemes to augment compliance, and legislative and online reforms in excise, stamp duty and registration to plug revenue leakages while allocating significant plan outlays to education, health, water, public transport, urban development and social welfare. News - Tue, 29 Mar 2016 10:26:34 +0530 https://www.taxtmi.com/news?id=15961