Budget push gathers industry input on tax rates base and duty structure

Published on 24 April 2026

Industry bodies are being asked to justify tax changes

Ahead of the Union Budget process, the Finance Ministry has invited suggestions from industry and trade bodies on possible changes to duty structures, tax rates, and the broadening of the tax base. The communication covers both direct and indirect taxes and asks stakeholders to provide economic justifications for proposed changes.

Finance Ministry seeks inputs on duty structure and tax rates
Focus includes broadening the tax base for direct and indirect taxes
Industry and trade bodies must back proposals with economic reasoning
Potential inputs could shape Budget policy design

#industry #duty structure #taxation #finance ministry #union budget

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Budget push gathers industry input on tax rates base and duty structure

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