https://www.taxtmi.com/news?id=22246 Government is considering personal income tax rationalisation to boost consumption alongside prior corporate tax cuts and recent public sector bank credit disbursements. Concurrent tax-administration reforms aim to simplify the system by removing exemptions, reducing subjective interpretation, and expanding faceless assessment for direct taxes with plans for similar indirect tax processes. The GST Council retains authority over rate structure, while the administration seeks rate rationalisation and improved data credibility by addressing inappropriate methodologies. en-us Sat, 07 Dec 2019 18:49:55 +0530 Sat, 07 Dec 2019 18:49:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22246 Government is considering personal income tax rationalisation to boost consumption alongside prior corporate tax cuts and recent public sector bank credit disbursements. Concurrent tax-administration reforms aim to simplify the system by removing exemptions, reducing subjective interpretation, and expanding faceless assessment for direct taxes with plans for similar indirect tax processes. The GST Council retains authority over rate structure, while the administration seeks rate rationalisation and improved data credibility by addressing inappropriate methodologies. News - Sat, 07 Dec 2019 18:49:55 +0530 https://www.taxtmi.com/news?id=22246