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As the government is set to present the union budget for FY24 on 1 February, 2023, PHD Chamber of Commerce and Industry has suggested the government to make maximum GST on hotel rooms at 12 percent. Currently, rooms priced up…
India plans to offer cash subsidies, lower taxes and other incentives to bolster its shipbuilding industry, two government sources said, as part of an effort to reduce the pain of high freight rates for the nation’s manufacturers. The plans include…
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the pre-budget consultation meetings for Budget 2023-24 held in virtual mode from 21st to 28th November, 2022. The pre-budget meeting were concluded here today. More than 110 invitees representing…
In the upcoming Union Budget 2023-24, the Centre is expected to increase its own Goods and Services Tax (GST) revenue target by 14-15 per cent, a senior government official has said. “The revenue collection (GST) is showing a healthy trend.…
Several States, including some governed by the BJP, on Friday urged the Centre to rein in its reliance on raising revenues through cesses and surcharges which reduce their share in the divisible pool of taxes. They also sought greater fiscal…
Exporters have asked for fiscal incentives, tweak in customs duties of some products and affordable credit rates in the forthcoming Budget in order to boost exports and create jobs. In a pre-budget virtual meeting with Finance Minister Nirmala Sitharaman, the…
Telcos have asked the government to provide a clear definition of adjusted gross revenue based on which the industry’s levies and charges are calculated, besides seeking refund of Rs.32,000 crore input tax credit on goods and service tax, as part…
The infrastructure industry on Monday demanded rationalisation of Goods and Services Tax (GST), easier bank credit and a hike in public expenditure at the customary pre-budget meeting with Finance Minister Nirmala Sitharaman. Cellular Operators’ Association of India (COAI) in its…
Finance Minister Nirmala Sitharaman will hold pre-budget consultations with her state counterparts on Friday. The meeting is part of the customary meetings that the minister undertakes with stakeholders before the presentation of the Union Budget on February 1. The pre-budget…
The Ministry of Finance has invited suggestions from industry and trade associations for changes in direct and indirect taxes in Budget 2023-24. In the context of formulating the proposals for the Union Budget of 2023-24, the Ministry of Finance would…