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Budget 2017

Corporate tax, service tax should be minimised: Aakanksha Bhargava, PM Relocations

India Infoline

Service tax should be minimised to 12% which is currently 15%. Also, service tax should be on payments received and not revenue incurred.

Expectations from Budget 2017:

  • Corporate tax rate should be minimised to 25%. It currently stands at 30%.
  • • Service tax should be minimised to 12%, which is currently 15%. Also, service tax should be on payments received and not revenue incurred.

    • National road network should be improved. An efficient road network ensures low breakdown and better shipments.

    • Subsidies on adoption of the technology, transport, freight and warehousing.

    • Emphasis on skill developments through NSDC: Dearth of skilled manpower- Drivers, packers, loaders. Ensure resources are available and adequate allocations.

    • In order to keep pace with the growth and new requirements in the business, it is important that technologies are embraced.

    • Among the key expectations from the ensuing Budget are a new fiscal policy framework, corporate tax rationalization, higher rural capex.

    The author, Aakanksha Bhargava is the CEO and President of PM Relocations (PMR).