CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Indian Businesses Urge GST Adoption

Indian Businesses Urge GST Adoption

by Mary Swire, Tax-News.com, Hong Kong

12 February 2015


The Confederation of Indian Industry (CII) has called on the Indian Government to avoid altering excise and customs duties in the 2015/16 Budget and to instead focus on swiftly implementing the goods and services tax (GST).

Chandrajit Banerjee, the CII's Director General, said that the Government should support the domestic manufacturing sector by keeping cross-border tariffs stable. He said the sector continues to experience weak demand despite stimulus measures implemented by the Government, such as the excise duty cuts that expired at the end of last year. However, he said that the Government should lower duty rates on automobile parts, as these are higher than for assembled vehicles.

He noted that significant progress has been made on GST implementation. He called on the Government to lower the Central Sales Tax rate to one percent, in recognition of the delay to GST implementation, and sought for the CII to be allowed to participate in discussions on the GST rates at federal and state level and on the development of the remaining elements of the GST regime.

TAGS: tax | business | India | budget | tariffs | goods and services tax (GST) | excise duty | manufacturing | services | Tax

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »