Gst 2016

Budget 2016: IT industry seeks relief from double tax,export boosting steps

Facing slowdown in major markets abroad, the Indian IT industry today sought relief from double taxation on software, as well as cushion from protectionist measures being taken by several countries.

Budget 2016: Healthcare sector demands exemption from GST

An apex body of the healthcare sector today urged the government to exempt healthcare services from Goods and Services Tax (GST), increase tax exemption on preventive health checkup and set up healthcare infrastructure medical innovation funds.

Budget 2016: Delhi govt seeks Rs 4000 cr to augument transport system

Delhi government today demanded a special package of Rs 4,000 crore from the Centre to augment public transport in the national capital and pitched for a rise in its share of central taxes, which was last revised "15 years" ago, to at least Rs 5,000 crore.

Budget 2016: Gujarat demands Special Notified Zone for diamond industry

Ahead of the Union budget, Gujarat has demanded establishment of a Special Notified Zone for diamond industry in Surat while Maharashtra has asked Rs 4,000 crore for various projects.

Budget 2016: Insurance industry seeks hike in tax exemption limit

Government should raise tax exemption limit for health insurance and introduce fiscal measures to help increase its penetration, say industry officials.

Budget 2016: India Inc wants a clear roadmap for reduction in corporate tax to 25%

Industry chambers including CII and Ficci also suggested that withdrawal of incentives should be in tandem with the reduction in corporate tax rate besides removal of MAT