Corporate Tax to be Reduced and GST to be Implemented; Gaar Deferred by Two Years

The Finance Minister Shri Arun Jaitley said that to give a fillip to growth, investment and promotion of domestic manufacturing and 'Make in India', aiming at job creation, a series of measures are included in the budget. In his Budget Speech in the Lok Sabha here today, Shri Jaitley said Tax 'pass through' is proposed to be allowed to both Category-I and Category-II Alternative Investment funds, so that tax is levied on investors in these funds and not on the funds per se.