Govt unlikely to change GAAR‘s implementation date; amended CBDT rules have “grandfathered†investments made before April 1, 2017 exempting these from the anti-avoidance rule
The headline rate should be reduced so that the incentives can also be reduced, says Parthasarathi Shome, advisor to finance minister. Talking to CNBC-TV18, he says however, there has to be some broad understanding of revenue implications.
The government has accepted the Shome-Committee recommendations on General Anti-Avoidance Rules