Budget 2015 - Feedback and Implementation
Thanks for you responses on our budget submission.
Many of our inputs relating to individual income tax deductions as well as manifesto items (Black Money Recovery mechanism, expediting GST, Increasing taxes on luxury items, encouraging SME) were incorporated in the budget.
Yes, the big bang recommendations on abolition of all taxes and introduction of transactions tax did not see the light of the day.
The increase in Service Tax is a definite concern for middle class as it negatively impacts cost of services.
If you have additional inputs on the Budget or on what the Government can effectively implement the big schemes announced (For ex: MUDRA), do share them.
We will be submitting a whitepaper based on collective inputs on Budget Feedback, Poll and Implementation Suggestions to the Minister of State, Finance in the next couple of weeks.
Thanks for your participation!
Rajendra Pratap Gupta more