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Budget 2020 LIVE updates: To introduce a new simplified GST return system from April, says FM Sitharaman

Budget 2020 LIVE updates: To introduce a new simplified GST return system from April, says FM Sitharaman

FM Nirmala Sitharaman says have added 60 lakh new taxpayers and households saved 4% on monthly spending after GST implementation. Union Budget 2020-21 Latest Updates: Finance Minister Nirmala Sitharaman is set to table the Budget in Parliament today. This will be her second Budget presentation. With the economy reeling under one of its worst slowdowns in decades, she is expected to pull out all available measures to give a boost to flailing consumer demand and investment.

Meanwhile, personal income tax rate cuts along with some relief for rural and agriculture sectors may also be on cards. Earlier today, FM Sitharaman called on President Ram Nath Kovind at Rashtrapati Bhavan as per tradition, before presenting the Budget The common man, the industry and the market have a wide range of expectations from this Budget. Rejig in personal tax rates, sops to boost real estate, an extension of LTCG threshold and removal of Dividend Distribution Tax (DDT), a boost for infrastructure spending and reduction in the Goods and Services Tax (GST) with respect to the auto sector are some of the top expectations.

Source: https://www.moneycontrol.com/

 

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