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Rs 75,000-crore minimum alternate tax credit dilemma grips India Inc Fifteen heavyweight companies have accumulated MAT credit in excess of Rs 1,000 crore each Current Affairs :Tremendous swathes of Corporate India may not be in a rush to move to the new partnership charge system. Ninety-nine organizations, which additionally incorporate some unlisted ones, have more than Rs 100 crore every one of least interchange charge (MAT) credit on their books, in total signifying Rs 75,000 crore. Of these, 15 heavyweights, for example, NTPC, Reliance Industries, Bharti Airtel, Vedanta, and TCS have MAT credit in overabundance of Rs 1,000 crore each. “By using MAT credit, numerous organizations will have the option to cut down their compelling duty cost to 17.47 percent from 25.17 percent (under the new system), prompting considerable expense reserve funds of around 8 percent,” said Saumil Shah, accomplice, Dhruva Advisors. “Just those organizations whose compelling expense cost is h...