https://www.taxtmi.com/news?id=19191 The Ministry pursued comprehensive tax and fiscal reform in 2017: the Goods and Services Tax replaced multiple indirect levies with a Centre State administered framework allowing input tax credit and unified markets, while direct tax initiatives introduced simplified returns, a Safe Harbour Regime and a Task Force to draft a new Direct Tax law. Enforcement intensified post demonetisation through Operation Clean Money and coordinated investigations, and financial sector measures included PSB recapitalisation, an Alternative Mechanism for amalgamations and operationalisation of the Insolvency and Bankruptcy Code; simultaneous disinvestment via ETFs and strengthened public expenditure management supported infrastructure and inclusion objectives. en-us Mon, 18 Dec 2017 16:03:57 +0530 Wed, 11 Feb 2026 15:57:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19191 The Ministry pursued comprehensive tax and fiscal reform in 2017: the Goods and Services Tax replaced multiple indirect levies with a Centre State administered framework allowing input tax credit and unified markets, while direct tax initiatives introduced simplified returns, a Safe Harbour Regime and a Task Force to draft a new Direct Tax law. Enforcement intensified post demonetisation through Operation Clean Money and coordinated investigations, and financial sector measures included PSB recapitalisation, an Alternative Mechanism for amalgamations and operationalisation of the Insolvency and Bankruptcy Code; simultaneous disinvestment via ETFs and strengthened public expenditure management supported infrastructure and inclusion objectives. News - Mon, 18 Dec 2017 16:03:57 +0530 https://www.taxtmi.com/news?id=19191