Dhruva Advisors

The government has released proposals for public comments in which it has set out the manner in which exemptions and deductions will be phased out.

In its push towards positioning India as an attractive investment destination and to improve the ease of doing business in the country, the Government has announced further tax initiatives.

India is gearing towards the introduction of a goods and services tax (GST), a destination-based consumption tax, replacing several central and state taxes.