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Article Post-Budget Article: Impact on the Automotive Sector
The forward-looking approach adopted in the budget towards this sector has been in alignment with the government’s goals of promoting Aatmanirbhar Bharat and moving firmly towards net-zero carbon emissions by 2070, shares Saket Mehra in this insightful article in Financial Express.
"FMCG players also faced a major hurdle as far as continuation of area based exemptions provided under the erstwhile indirect tax regime in states like J&K, Uttarakhand, Himachal Pradesh and other North Eastern states where a lot of FMCG players have their presence. Recently, a budgetary support scheme was introduced to provide benefits under the GST regime."
Suresh Nandlal Rohira
Partner, Grant Thornton India LLP
This article appeared in Financial Express on 26th December, 2017.
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