Gunjan Prabhakaran, Partner & Leader, Indirect Tax, BDO India
“The Government has ably taken steps towards its goals for a Viksit Bharat by 2047. The key focus of the budget outlay has been on the poor, women, farmers, and youth. From a tax perspective, the focus continues to be on tax rationalization and simplification. The Government has also proposed a comprehensive review of Customs rates and exemptions, to alleviate challenges faced by domestic manufacturers. This would, inter alia, also lead to India becoming a more integral part of the global supply chains. The industry would have liked to see an amnesty scheme in Customs.”
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