The Finance Commission Chairman stressed the need for a dialogue between the commission and Goods and Services Tax (GST) council to address various concerns on the taxation regime.
“Along with exemptions and the systemic relentless drive to fix rates, which are not revenue neutral, far from being revenue friendly is an area of worry for Karnataka, indeed the commission believes this is an area of worry for India as a whole.”
Source: A2ZTaxCorp
Latest Posts in "India"
- GST Cut on Insurance May Not Lower Premiums; Potential 12-18% Increase Expected
- India’s GST Council Endorses Two-Tier Tax Structure for 2025
- GST Reduction on Fruit Drinks Excludes Colas; Prices Remain Unchanged for Carbonated Beverages
- Supreme Court Stays Retrospective GST Penalty, Examines Applicability to Non-Taxable Persons
- India Unveils Simplified GST Rate Structure
