Pillar Two tax regime unlikely soon as India proceeds with caution

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The Union government does not anticipate more than Rs 100-200 crore in additional revenue after adopting Pillar 2, and that too only under specific circumstances.

Therefore, it is proceeding cautiously and is unlikely to implement the rules anytime soon, according to a senior finance ministry official who requested anonymity."An internal analysis indicates that the government is likely to see only an additional revenue of Rs 100-200 crore after implementing Pillar 2, and that’s only under certain conditions," an official stated.

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Category: BusinessFinance

Markets: India

Topics: Central government Scheme Revenue collection

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 01:00:32 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 99 words

Reading Time: 1 minutes read

Sentences: 4 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23331058

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