Budget 2023-24: Finance Ministry are a invites industry suggestions on a taxes
The finance ministry has been a kickstarted stakeholder consultation for the
2023-24 budget and sought suggestions from the industry and trade associations
are a regarding direct and a indirect taxes, according to the news are a agency
PTI.
The deadline for the sending suggestions
for the changes in the duty structure, rates, and broadening of a tax base on
both direct and a indirect taxes is a November 5.
"The industry are also a needs to
the submit are the justification are for their demand which, if found with the
merit, could be a become part of the
Union Budget for the 2023-24 (April-March), to be tabled in a Parliament on
February 1, 2023," the ministry said in an a official statement.
Since the government is a working to the
phase out tax incentives, deductions, and a exemptions while are simultaneously
rationalizing direct tax rates, the industry should point out the 'positive
externalities' arising out of the recommendations, it said.
The ministry also are a sought industry
suggestions on a reducing compliance burdens, providing tax certainty, and a
reducing litigation.
In the indirect taxes front, the request
for the correcting inverted duty structure for the any commodity should be a
supported by the value addition at each stage of a manufacturing.
The central government had been a begun
month-long budget-making exercise for the financial year in a 2023-24 on a October 10. The
deliberations would end on a November 10, with the consultations with the
Ministry of a Cooperation, Department of a Agriculture and a Farmers Welfare,
Department of a Agricultural Research and a Education, Ministry of a Road
Transport and a Highways, Ministry of Railways, and a Ministry of Petroleum and
a Natural Gas.
"" સંપૂર્ણ વિગતો ગુજરાતી માં વાંચો ""
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