Union budget 2015 : S.M. Lodha, Chairman – Indsur Group of Companies

S.M. Lodha, Chairman – Indsur Group of Companies 

“The announcement that the much awaited Goods and Service Tax (GST) will be introduced on 1st April 2016, will definitely rejuvenate the industry.  GST will make manufacturing more competitive and support the ‘Make in India’ Campaign. How fast the Finance Minister will move the wheels of change to usher in GST will be keenly watched in the coming days.

While other than infrastructure spending there are no visible and concrete steps that could be seen on the ‘Make in India’ campaign. However reduction in corporate tax will benefit only few large state-owned enterprises and corporates. The budget will not inspire the business communities as a whole, all said and done much more was expected which could have benefitted all sections of society.”