Bimal Jain
Finance minister, Mr. Arun Jaitley unveiled the Union Budget 2018 in Parliament on February 1, 2018, amid expectations of increased spending to boost growth in the Indian economy.
Finance Minister delivered his government's last full year Budget speech for financial year 2018-19.
He began his speech by highlighting the government's economic reforms undertaken in the last four years and its achievements.
FM said that this year's Budget will focus on strengthening agriculture and rural economy and the government is committed to double farmer's income by 2022.
Being a populist budget, there were minimal changes in taxation front.
With GST subsuming Service Tax and Excise, Indirect taxes mainly saw changes in Customs Act and Tariff.
For understanding key highlights of the Budget, I have recorded a Video Presentation on Union Budget, 2018, discussing the various amendments brought/proposed in Indirect Taxes along with suggesting the GST roadmap which could have been the part of Budget.
The video can be accessed as attached below -
CAclubindia
