FM: Process of Reforms to continue; Focus on lower tax rate and wider tax base; Government committed to keep the Growth Momentum High and Inclusive to ensure that the benefits of growth reaches to all sections of the society including the vulnerable and weaker sections

FM: Process of Reforms to continue; Focus on lower tax rate and wider tax base; Government committed to keep the Growth Momentum High and Inclusive to ensure that the benefits of growth reaches to all sections of the society including the vulnerable and weaker sections https://www.taxtmi.com/news?id=21194 Focus on lowering tax rates and widening the tax base as central components of ongoing direct and indirect tax reforms, with emphasis on facilitating trade and industry and ensuring GST rate reductions benefit consumers. The statement notes that Goods and Services Tax is stabilising and that the Insolvency and Bankruptcy Code has improved credit culture and recovery. Policy requests include lowering the corporate tax rate to enhance competitiveness, banking consolidation and selective divestment, creation of development finance institutions, support for NBFCs to restore liquidity, and measures linking investment allowances to employment generation. en-us Wed, 06 Mar 2019 09:50:33 +0530 Wed, 06 Mar 2019 09:51:00 +0530 TaxTMI RSS Generator FM: Process of Reforms to continue; Focus on lower tax rate and wider tax base; Government committed to keep the Growth Momentum High and Inclusive to ensure that the benefits of growth reaches to all sections of the society including the vulnerable and weaker sections https://www.taxtmi.com/news?id=21194 Focus on lowering tax rates and widening the tax base as central components of ongoing direct and indirect tax reforms, with emphasis on facilitating trade and industry and ensuring GST rate reductions benefit consumers. The statement notes that Goods and Services Tax is stabilising and that the Insolvency and Bankruptcy Code has improved credit culture and recovery. Policy requests include lowering the corporate tax rate to enhance competitiveness, banking consolidation and selective divestment, creation of development finance institutions, support for NBFCs to restore liquidity, and measures linking investment allowances to employment generation. News - Wed, 06 Mar 2019 09:50:33 +0530 https://www.taxtmi.com/news?id=21194