28.02.2014 - India: Exemption list in commodities transaction tax may be reworked
The exemption list in the Commodities transaction tax (CTT) may be reworked before the final budget is presented in May 2014. The restructuring of the exemption follows recommendations from the industry to expand the exemption list by including processed items of all agricultural commodities and not some like at present. To this effect, the consumer affairs department under ministry of finance has also sought a clarification from revenue regarding the structure of the exemption list of CTT...............................................Full Article: Source
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