Union Budget 2016-17 Changes in Indirect Taxes

Union Spending Plan 2016-17 Changes in Indirect Taxes, Highlights of Union Budget 2016-17 on Indirect Taxes. Here we provide Complete details of Union Spending plan 2016-17, Find all details or Emphasizes of Union Spending Plan 2016-17 on Indirect Taxes. Recently we likewise offer Highlights of Union Budget Plan 2016-17 on Direct Taxes. Now you can scroll down below and examine all Union Budget 2016-17 Changes in Indirect Taxes.

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Detailed Articles

  • Modifications Connected To Customizeds in Spending Plan 2016
  • Changes Connected To Central Excise in Spending Plan 2016
  • Modifications Connected To Service Tax in Budget Plan 2016 In Detailed

Propose modifications in customs task 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’ earnings to be taxed at hands of financiers
Propose special patent regime to power innovation, research
Providers supplied by EPFO excused from service tax
STT of 0.05% on choices contracts
Service tax waiver for houses of less than 60 sq mtr
Service Tax exempt for svc under rural electrification strategy
To provide import tax duty exemption to ready-mix concrete
Import tax of 12.5% with input tax credit on jewellery
To abolish 13 cesses by ministries
To change Central Worth Added Tax credit rules
To modify CENVAT credit rules
Taxation panel to repair demand under retrospective tax cases
Hope old cases on retrospective tax reach conclusion quickly
No retrospective taxation to be carried out
1-time no-interest liability in retrospective tax cases
To up excise duty on different tobacco items by 10-15%
Cos integrated post Mar 1 to be taxed at 25% surcharge
Doubles tidy energy cess on coal to 400 rupees/tn
To up excise task on some tobacco pdts by 10-15%
Infra cess of 2% on diesel automobiles
4% infra cess on high capability lorries, SUVs
To impose 1% infra cess on little petrol, LPG, CNG vehicles

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