Union Budget 2023: What does American industry want from India’s budget? This demand placed before Finance Minister Sitharaman – Us Industry Urges Fm To Rationalize, Simplify Direct And Indirect Taxes In India


Union Budget 2023: American industry has urged Finance Minister Nirmala Sitharaman to rationalize and simplify direct and indirect taxes in India. It believes that this move will increase the confidence of global investors and attract more foreign direct investment. Direct taxes are in the form of income tax, capital gains tax or securities transaction tax, while indirect taxes such as GST, customs duty or VAT are levied on any goods or services. All are levied on final consumers for purchasing services.

Disclaimer: This post has been auto-published from an agency/news feed without any modifications to the text and has not been reviewed by an editor.

What do you think?

Written by Press24 News

Leave a Reply

Your email address will not be published.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

GIPHY App Key not set. Please check settings

News channel said Pathan star Shah Rukh Khan is man of the day

1 of 3 pilots killed in Morena air crash; inquiry ordered, says IAF