67.87
FBT abolition is on the right direction since this taxation had irritant effects. Minimum alternative taxes (MAT) has been increased from 10% to 15% against the aspirations of ASSOCHAM which had earlier urged the Finance Minister to bring it down to 7.5%. For the Pharma industry, introduction of GST (Goods and Service Tax) on time is a positive step and will reduce transaction costs significantly. We hope that next year will see increased emphasis on R&D.
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