Fin Min invites suggestions on taxation from industry, trade bodies

Fin Min invites suggestions on taxation from industry, trade bodies
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New Delhi, Nov 5: The Finance Ministry has asked for suggestions on taxation from industries and trade bodies for Budget 2022-23, which is going to set the tone for growth of India’s economy hit by the COVID-19 pandemic.

In a communication to trade and industry associations, the ministry invited suggestions for changes in the duty structure, rates, and broadening of tax base on both direct and indirect taxes giving economic justification for the same.

Suggestions may be sent to the ministry by November 15, 2021, it said.

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