Finance ministry rejects 15% benign corporate tax in DESH Bill

Although the commerce ministry is making efforts to finalise the DESH Bill and introduce it in the parliament during the winter session, the finance ministry's stance may delay it

The Ministry of Finance has continued to oppose the key provisions of the Development Of Enterprise And Services Hub (DESH) bill which will be replacing the Special Economic Zones (SEZ) Act, reported the Financial Express. This includes the benign corporate tax rate of 15 per cent until 2032 for units in these planned hubs.
 

Official sources claim that the ministry has, in its formal comments on the Bill, emphasised its reluctance to integrate the hubs with the domestic market in contrast to SEZs, which have explicit export obligations.
 

Although the commerce ministry is making every effort to finish the draft and