The Hon’ble Finance Minister Ms Nirmala Sitharaman announced the Union Budget 2019-20. The attached booklet contains an analysis of the key announcements.
The budget has several clearly identifiable themes that build upon this government’s policies from earlier years. This is clear from a spate of announcements pertaining to promotion of digital payments, focus on affordable housing, increasing attractiveness of electric vehicles, facilitating e-assessment and increased FDI in specific sectors. Announcements pertaining to ‘Study in India’, road and infrastructure development and dispute resolution scheme for indirect taxes have struck positive notes. However, on the flip side, the higher levy on fuel, gold imports and increased rate of taxation for ‘super rich’ have been perceived as significant dampners.
Overall, the Government has clearly laid down a path for the long term. We have endeavoured to analyse several pertinent provisions of the Budget in this document, with the intent of clearly and succinctly articulating potential impact on industry. Please download the booklet here.