https://www.taxtmi.com/news?id=19155 The consultations emphasised continuation of fiscal consolidation and clear treatment of any fiscal shortfalls, coupled with revenue and expenditure reforms such as expenditure rationalisation, wider Direct Benefit Transfer use, PSUs disinvestment, issuance of long term bonds for infrastructure and pensions, and administrative measures to maximise revenue. A tax reform agenda was urged - including a roadmap for tax reform and GST convergence, lowering statutory corporate tax by removing exemptions, taxing long term capital gains, reducing MAT, and making tax administration more taxpayer friendly - alongside targeted incentives for infrastructure, SMEs, labour intensive sectors, and rural non farm activities. en-us Mon, 11 Dec 2017 17:15:45 +0530 Mon, 11 Dec 2017 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19155 The consultations emphasised continuation of fiscal consolidation and clear treatment of any fiscal shortfalls, coupled with revenue and expenditure reforms such as expenditure rationalisation, wider Direct Benefit Transfer use, PSUs disinvestment, issuance of long term bonds for infrastructure and pensions, and administrative measures to maximise revenue. A tax reform agenda was urged - including a roadmap for tax reform and GST convergence, lowering statutory corporate tax by removing exemptions, taxing long term capital gains, reducing MAT, and making tax administration more taxpayer friendly - alongside targeted incentives for infrastructure, SMEs, labour intensive sectors, and rural non farm activities. News - Mon, 11 Dec 2017 17:15:45 +0530 https://www.taxtmi.com/news?id=19155