Breaking News

Union Budget 2016-17 Changes in Indirect Taxes

CAknowledge

Union Budget 2016-17 Changes in Indirect Taxes, Highlights of Union Budget 2016-17 on Indirect Taxes. Here we provide Complete details of Union Budget 2016-17, Find all details or Highlights of Union Budget 2016-17 on Indirect Taxes. Recently we also provide Highlights of Union Budget 2016-17 on Direct Taxes. Now you can scroll down below and check all Union Budget 2016-17 Changes in Indirect Taxes.

If you like this article then please like us on Facebook so that you can get our updates in future ……….and subscribe to our mailing list ” freely “

Union Budget 2016-17 Changes in Indirect Taxes

Detailed Articles

* Propose changes in customs duty to push Make in India plan
* Exempt svc tax on general insurance plans in Nirmaya scheme
* Committed to implementing GAAR from Apr 1, 2017
* Asset recast cos’ income to be taxed at hands of investors
* Propose special patent regime to power innovation, research
* Services provided by EPFO exempted from service tax
* STT of 0.05% on options contracts
* Service tax waiver for houses of less than 60 sq mtr
* Service Tax exempt for svc under rural electrification plan
* To give excise duty exemption to ready-mix concrete
* Excise of 12.5% with input tax credit on jewellery
* To abolish 13 cesses by ministries
* To amend Central Value Added Tax credit rules
* To amend CENVAT credit rules
* Taxation panel to fix demand under retrospective tax cases
* Hope old cases on retrospective tax reach conclusion soon
* No retrospective taxation to be undertaken
* 1-time no-interest liability in retrospective tax cases
* To up excise duty on various tobacco products by 10-15%
* Cos incorporated post Mar 1 to be taxed at 25%+ surcharge
* Doubles clean energy cess on coal to 400 rupees/tn
* To up excise duty on some tobacco pdts by 10-15%
* Infra cess of 2% on diesel cars
* 4% infra cess on high capacity vehicles, SUVs
* To levy 1% infra cess on small petrol, LPG, CNG cars

Ask Your Query

About Raju Choudhary

Article by Raju Choudhary Raju has written 537 articles. If you like This post, you can follow CAknowledge on Twitter. Subscribe to CAknowledge feed via RSS or EMAIL to receive instant updates.

One comment

  1. This budget is not so attractive both in direct and indirect taxation

Leave a Reply

Your email address will not be published. Required fields are marked *