The All India Association of Industries (AIAI) welcomes the reducing rate of 227 and pruning the same at 28% least to 50 items is a step in right direction and reduction in the tax structure said Mr. Vijay Kalantri, President, All India Association of Industries (AIAI).
There is further need to prune the list of 28% slab to 12% and 5% as the case may be for eg. in case of Air conditioners and coolers which is no more a luxury but necessity.
AIAI further feels there needs to do simplification of forms and rules in stringent measures like prosecution various actions and penalties which should be only in rare case added Mr. Kalantri.
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