https://www.taxtmi.com/news?id=23299 Invitation to industry associations to submit pre-budget proposals on direct and indirect taxes proposing changes to duty structures, rates and tax-base with economic justification and supporting statistics; corrections to inverted duty structures must be supported by value addition at each manufacturing stage. Direct tax suggestions should consider recent corporate tax rationalisation and the policy to phase out incentives while rationalising rates, and quantify positive externalities. GST-related requests are excluded from Annual Budget examination; Customs and Central Excise proposals must follow a prescribed format and supply detailed Annexure-A data. en-us Tue, 27 Oct 2020 09:47:21 +0530 Tue, 27 Oct 2020 09:47:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23299 Invitation to industry associations to submit pre-budget proposals on direct and indirect taxes proposing changes to duty structures, rates and tax-base with economic justification and supporting statistics; corrections to inverted duty structures must be supported by value addition at each manufacturing stage. Direct tax suggestions should consider recent corporate tax rationalisation and the policy to phase out incentives while rationalising rates, and quantify positive externalities. GST-related requests are excluded from Annual Budget examination; Customs and Central Excise proposals must follow a prescribed format and supply detailed Annexure-A data. News - Tue, 27 Oct 2020 09:47:21 +0530 https://www.taxtmi.com/news?id=23299