Tax structure News

Inverted duty structure and lack of incentives are impacting the manufacturing of consumer electronics and appliances in the country, CEAMA has said.

"Our Taxation process has to be simpler to increase tax buoyancy. Our taxation policy has to be non-adversarial. The government does not intend to tax people retrospectively," Jaitley said.

The Finance Minister said that our corporate tax structure has to be globally competitive and that's why we reduced it from 30 per cent to 25 per cent. Our taxation process has to be simplier to increase tax buyoncy.

Pitching for Canadian investment for his 'Make in India' initiative, Prime Minister Narendra Modi Thursday met with Canada's business leaders and assured them that the structure of taxation in India will be stable.

Pitching for a slew of reforms in the Indian capital markets, leading bourse BSE has suggested the government bring in a new transaction taxation structure and besides seeking tax pass through status for Infrastructure Investment Trusts (InvITs).

The Centre has urged all state governments to rework the tax structure on jet fuel in the interest of the aviation industry and has received "positive" response from some states.