The fight against corruption led towards the steps such as GST
implementation and demonetisation. As a consequence, many organised and
unorganised industries got affected. It has proved to boost up the tax
reform up to major extent. Now the effect of demonetisation on the
Indian economy has almost come to an end. And the tension of union
budget of India 2018 has spread in the air and everyone has the same
question in mind that which industries will be affected by union budget
of India 2018? Hence, through this article we, at LetsNurture, will give you the idea of impacts of budget 2018 India.
Entire nation would be having thought about impacts of budget 2018 India after time when Finance Minister Arun Jaitley declares the union budget of India 2018.
Different Expectations and impacts due to union budget of India 2018:
Computer Software and Electronics Industry
Computer Software and Electronics Industry
This sector expects Arun Jaitley to build such a fund for a custom
free zone so that the repairs made to the CGST by the states can be made
to the electronics and software companies.
Custom duty on Consumer Electronics and Home Appliance Products
should be increased by 20% in order to increase investment in India by
bringing down imports. Because of the low custom duty on the BCD,
electronic goods manufacturers prefer to import BCD. That is why Indian IT companies are also demanding 10% custom duty increase on PCB.
Find out more impacts and expectations of union budget of India here.
