CII urges tax reforms in India, including rationalizing capital gains tax and extending GST to petroleum, electricity, and real estate.
The Confederation of Indian Industry (CII) has urged tax reforms in India, emphasizing the need for capital gains tax rationalization and bringing petroleum products, electricity, and real estate under the Goods and Services Tax (GST). CII President, Sanjiv Puri, has expressed hope that the government will amend the tax structure in the upcoming budget. Additionally, CII has proposed a simplified three-rate GST structure with moderated rates to streamline the tax system.
June 12, 2024
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