Assocham bats for low tax-slabs

 
This includes dilution of government equity in profit making PSUs, maintaining status quo in existing low tax regime and relaxing interest rates. Briefing reporters, Assocham President Sajjan Jindal said he emphasised the need for a roadmap on execution of goods and service tax to usher India into a single GST regime.

Jindal, said low tax regime on indirect taxes front currently in practice, requires to be sustained with emphasis on higher compliance. This will enable government to earn more for its kitty and spend part of it in creation of social infrastructure.

Jindal said stable interest regime provides for stability for investors and retention of their investment portfolios. “We should be aware of teaser loans as such loans entice borrowers, cost of which becomes very high for them in the long run.