https://www.taxtmi.com/article/detailed?id=6763 The budget implements a VAT rationalisation that consolidates and lowers rates for specified goods to simplify the structure and reduce interstate arbitrage, revises Schedule entries for metals and tobacco, raises the luxury tax threshold with self declaration and random assessment, maintains stamp duty rates while proposing a new Stamp Duty Act and digitised registry search, and mandates VAT TDS deduction by government departments on works contracts under Section 36A with penalties for non compliance. en-us Thu, 31 Mar 2016 10:21:53 +0530 Thu, 31 Mar 2016 10:21:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6763 The budget implements a VAT rationalisation that consolidates and lowers rates for specified goods to simplify the structure and reduce interstate arbitrage, revises Schedule entries for metals and tobacco, raises the luxury tax threshold with self declaration and random assessment, maintains stamp duty rates while proposing a new Stamp Duty Act and digitised registry search, and mandates VAT TDS deduction by government departments on works contracts under Section 36A with penalties for non compliance. Articles Budget - Tax Proposals Thu, 31 Mar 2016 10:21:53 +0530 https://www.taxtmi.com/article/detailed?id=6763