Kelkar's indirect tax proposals and how they affect some key sectors
Last week we covered the Kelkar Committee's recommendations in the area of direct taxes. In this second and concluding part, we look at the changes suggested by the committee in indirect taxes and the impact of the proposals on the corporate sector.
The task force talks about removing the plethora of exemptions granted on import and excise taxes for a variety of reasons, widening the tax net by expanding the service tax base and improving tax-payers
