Dharmesh Panchal,
Executive Director (Indirect tax),
PwC India
“The Union Budget has taken a major step towards certainty in tax legislation by extending Advance Ruling to resident assesses and by providing a forum to address the issues faced by industry. The FM has promised action during the year to resolve various issues for the advent of GST. The Budget has also taken steps to address inverted duty structure for specified sectors, rationalization of duty rates, review of negative list and exemptions for services. Overall, the Budget reiterates the Government’s commitment for tax reforms and clarity in tax legislation.”
