The government is considering giving tax relief to companies that acquire stressed assets under the insolvency process. Some of such steps like carrying forward tax holidays may come up in the Budget, while the government may approach the goods and services tax (GST) GST Council for giving relief on the GST. For tax relief on the stamp duty, states’ cooperation might be sought, sources said. Companies going through the insolvency procedure face tax-related roadblocks, making the resolution process tedious.
For example, they pay the GST on sales of assets as well ...
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First Published: Mon, December 18 2017. 22:12 IST
