Finance minister Nirmala Sitharaman said the government proposed to cut corporate tax rates to 22 percent for domestic companies provided they will not avail exemptions or incentives and 15 percent for new domestic manufacturing enterprises as part of a raft of measures to boost economic growth.
Companies not availing exemption will not be required to pay minimum alternative tax (MAT)," Sitharaman told reporters in Goa ahead of a meet on goods and services tax (GST).
First Published: Sept 20, 2019 12:34 PM IST