https://www.taxtmi.com/news?id=17326 Anticipated tax reductions to stimulate consumption are complicated by the unavailability of reliable central indirect-tax revenue projections because the Goods and Services Tax will subsume excise, service tax and state VAT and the GST Council has not yet fixed rates or taxable classifications; customs receipts may be projected but excise and service-tax bases cannot, disrupting the Centre's usual budgeting around projected shares of nationwide indirect-tax revenues and creating uncertainty for fiscal commitments. en-us Fri, 27 Jan 2017 10:12:17 +0530 Fri, 27 Jan 2017 10:12:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17326 Anticipated tax reductions to stimulate consumption are complicated by the unavailability of reliable central indirect-tax revenue projections because the Goods and Services Tax will subsume excise, service tax and state VAT and the GST Council has not yet fixed rates or taxable classifications; customs receipts may be projected but excise and service-tax bases cannot, disrupting the Centre's usual budgeting around projected shares of nationwide indirect-tax revenues and creating uncertainty for fiscal commitments. News - Fri, 27 Jan 2017 10:12:17 +0530 https://www.taxtmi.com/news?id=17326