National News

FM slashes corporate tax

PANAJI, SEPTEMBER 20TH 

   Finance Minister Nirmala Sitharaman addressed a press conference in Panaji, Goa. The Finance Minister and several State Finance Ministers have gathered in Panaji to take part in the Goods and Services Tax Council Meet.

 The current effective tax rate for companies is 30 per cent. That rate is now 22 per cent. For new manufacturing companies the tax rate was 25 per cent. That has been brought down to 15, says Revenue Secretary Ajay Bhushan Pandey

Sep 20, 2019
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