Budget 2023: Bibek Debroy hopes for move towards exemption-less tax system
India’s upcoming Union Budget should hopefully incentivize taxpayers to move towards an exemption-less direct tax system, which would increase revenue,…
Tag: GST exemption
Replacement of old machinery with new machinery for improvement in quality/quantity results in ‘Modernisation’ and not diversification
The Hon’ble Supreme Court in AMD Industries Limited v. Commissioner of Trade Tax, Lucknow and Anr. [Civil Appeal No. 108…
Increase in old age pension, more tax relief, GST exemption for elderly; NGOs’ demands from Union Budget
Ahead of the Union Budget for 2023-24, some NGOs have put forward some suggestions for the betterment of the country’s…
Exporters fear further margin squeeze as GST exemption on freight goes
Indian commodity exporters struggling with freight rates which are yet to get back to the pre-Covid levels and a slowdown…
Exporters fear liquidity hit after GST exemption ends
The government’s move to withdraw the GST exemption on export freight at the start of the month has made exporters…