The expectations from the new government’s inaugural budget are high, with hopes for initiatives to drive sectoral growth, build infrastructure, and encourage new age technology manufacturing. The role of the Union Budget has diminished due to GST, with most amendments now channeled through the GST Council. The recent GST Council meeting made beneficial recommendations, leaving the upcoming Union Budget to focus on implementing legislative changes. India Inc. still expects the Budget to pave the way for transformative changes and a more simplified GST regime.
Source A2ztaxcorp
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