{"id":10046,"date":"2024-02-01T07:06:04","date_gmt":"2024-02-01T07:06:04","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=10046"},"modified":"2024-02-01T07:06:04","modified_gmt":"2024-02-01T07:06:04","slug":"no-changes-in-tax-rates-for-direct-indirect-taxes-fm","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/no-changes-in-tax-rates-for-direct-indirect-taxes-fm\/","title":{"rendered":"No Changes In Tax Rates For Direct, Indirect Taxes: FM"},"content":{"rendered":"

NEW DELHI, Feb 1: Nirmala\u00a0<\/span><\/a>Sitharaman<\/a>,\u00a0<\/span><\/span>the\u00a0<\/span>minister\u00a0<\/span><\/span>of\u00a0<\/span><\/span>finance,\u00a0<\/span><\/span>stated\u00a0<\/span><\/span>on\u00a0<\/span><\/span>Thursday\u00a0<\/span><\/span>that\u00a0<\/span>there\u00a0<\/span><\/span>have\u00a0<\/span>been\u00a0<\/span><\/span>no\u00a0<\/span>modifications\u00a0<\/span><\/span>to\u00a0<\/span>the\u00a0<\/span><\/span>tax\u00a0<\/span>rates\u00a0<\/span><\/span>for\u00a0<\/span><\/span>import\u00a0<\/span>tariffs\u00a0<\/span><\/span>or\u00a0<\/span><\/span>other\u00a0<\/span><\/span>indirect\u00a0<\/span>taxes.<\/span><\/span><\/span> <\/span><\/span><\/span>She\u00a0<\/span><\/span>added\u00a0<\/span><\/span>that\u00a0<\/span>since\u00a0<\/span><\/span>2014,\u00a0<\/span><\/span>the\u00a0<\/span>number\u00a0<\/span><\/span>of\u00a0<\/span><\/span>tax\u00a0<\/span>filers\u00a0<\/span><\/span>has\u00a0<\/span>increased\u00a0<\/span><\/span>by\u00a0<\/span><\/span>2.4\u00a0<\/span>times\u00a0<\/span><\/span>and\u00a0<\/span><\/span>the\u00a0<\/span>amount\u00a0<\/span><\/span>of\u00a0<\/span><\/span>direct\u00a0<\/span>tax\u00a0<\/span><\/span>collected\u00a0<\/span><\/span>has\u00a0<\/span><\/span>tripled.<\/span><\/span><\/span> <\/span><\/span><\/span>According\u00a0<\/span>to\u00a0<\/span><\/span>her,\u00a0<\/span><\/span>refunds\u00a0<\/span><\/span>have\u00a0<\/span>been\u00a0<\/span><\/span>issued\u00a0<\/span><\/span>more\u00a0<\/span>quickly\u00a0<\/span>and\u00a0<\/span><\/span>the\u00a0<\/span>processing\u00a0<\/span>period\u00a0<\/span><\/span>for\u00a0<\/span><\/span>tax\u00a0<\/span>returns\u00a0<\/span><\/span>has\u00a0<\/span>been\u00a0<\/span><\/span>slashed\u00a0<\/span><\/span>from\u00a0<\/span><\/span>93\u00a0<\/span>days\u00a0<\/span><\/span>in\u00a0<\/span><\/span>FY14\u00a0<\/span><\/span>to\u00a0<\/span><\/span>10\u00a0<\/span>days.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>administration\u00a0<\/span><\/span>is\u00a0<\/span>still\u00a0<\/span>working\u00a0<\/span><\/span>towards\u00a0<\/span><\/span>fiscal\u00a0<\/span>consolidation,\u00a0<\/span><\/span>with\u00a0<\/span><\/span>the\u00a0<\/span>goal\u00a0<\/span><\/span>of\u00a0<\/span><\/span>cutting\u00a0<\/span><\/span>the\u00a0<\/span>deficit\u00a0<\/span><\/span>to\u00a0<\/span><\/span>4.5\u00a0<\/span>percent\u00a0<\/span><\/span>in\u00a0<\/span><\/span>2025\u20132026.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>Goods\u00a0<\/span>and\u00a0<\/span>Services\u00a0<\/span>Tax\u00a0<\/span><\/a>(GST)\u00a0<\/span><\/span>tax\u00a0<\/span>base\u00a0<\/span><\/span>has\u00a0<\/span>more\u00a0<\/span>than\u00a0<\/span>doubled\u00a0<\/span><\/span>since\u00a0<\/span><\/span>FY14,\u00a0<\/span><\/span>the\u00a0<\/span>speaker\u00a0<\/span><\/span>continued.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

\"No
No Changes In Tax Rates For Direct, Indirect Taxes: FM<\/figcaption><\/figure>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

NEW DELHI, Feb 1: Nirmala\u00a0Sitharaman,\u00a0the\u00a0minister\u00a0of\u00a0finance,\u00a0stated\u00a0on\u00a0Thursday\u00a0that\u00a0there\u00a0have\u00a0been\u00a0no\u00a0modifications\u00a0to\u00a0the\u00a0tax\u00a0rates\u00a0for\u00a0import\u00a0tariffs\u00a0or\u00a0other\u00a0indirect\u00a0taxes. She\u00a0added\u00a0that\u00a0since\u00a02014,\u00a0the\u00a0number\u00a0of\u00a0tax\u00a0filers\u00a0has\u00a0increased\u00a0by\u00a02.4\u00a0times\u00a0and\u00a0the\u00a0amount\u00a0of\u00a0direct\u00a0tax\u00a0collected\u00a0has\u00a0tripled. According\u00a0to\u00a0her,\u00a0refunds\u00a0have\u00a0been\u00a0issued\u00a0more\u00a0quickly\u00a0and\u00a0the\u00a0processing\u00a0period\u00a0for\u00a0tax\u00a0returns\u00a0has\u00a0been\u00a0slashed\u00a0from\u00a093\u00a0days\u00a0in\u00a0FY14\u00a0to\u00a010\u00a0days. The\u00a0administration\u00a0is\u00a0still\u00a0working\u00a0towards\u00a0fiscal\u00a0consolidation,\u00a0with\u00a0the\u00a0goal\u00a0of\u00a0cutting\u00a0the\u00a0deficit\u00a0to\u00a04.5\u00a0percent\u00a0in\u00a02025\u20132026. The\u00a0Goods\u00a0and\u00a0Services\u00a0Tax\u00a0(GST)\u00a0tax\u00a0base\u00a0has\u00a0more\u00a0than\u00a0doubled\u00a0since\u00a0FY14,\u00a0the\u00a0speaker\u00a0continued.  <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6,67,89,54],"tags":[],"class_list":["post-10046","post","type-post","status-publish","format-standard","hentry","category-business","category-header","category-national","category-political"],"gutentor_comment":0,"yoast_head":"\nNo Changes In Tax Rates For Direct, Indirect Taxes: FM<\/title>\n<meta name=\"description\" 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