03
Feb
Godrej Consumer Products Limited (GCPL) has welcomed the Union Budget provision allowing companies to set off up to 25 per cent of their tax liability against accumulated Minimum Alternate Tax (MAT) credits under the new tax regime, terming it a positive step for corporate India. Commenting on the announcement, Sudhir Sitapati, Managing Director and Chief Executive Officer of Godrej Consumer Products Limited, said the move would significantly ease the transition to the new tax structure for companies carrying legacy MAT credits. “We particularly welcome the MAT credit set-off being allowed up to 25 per cent of the tax liability under…
