Pre-Budget meet: CII expect reduction in corporate tax this time

Published On: 06, Dec 2017 | Source: moneycontrol.com

CNBC TV18 @moneycontrolcom

As pre-Budget meetings kick off at North Block, CNBC-TV18 learns from the ongoing discussions, for Budget preparation, to extend the cut in corporate tax rate for larger companies in the upcoming Budget.

Sources say the tax cut is contingent on revenue outlook for goods and services tax (GST) next fiscal the industry is set to push for a cut in corporate tax rate to 18 percent.

CNBC-TV18's Timsy Jaipuria caught up with Shobana Kamineni, President, Confederation of Indian Industry (CII) and asked her about her expectations on the corporate tax reduction and what was the proposal made.

Pankaj Patel, President of Federation of Indian Chambers of Commerce and Industry (FICCI) also shared his views on the same.

Watch accompanying video for more details.