What IT industry expects from Union Budget 2019-20?
Mr. Suresh Pansari, Co-founder and Director of RP tech India
“The Government should reduce Tax compliances and support ease of doing business at faster pace. This will reduce transection cost. Newly drafted GST Laws are highly complicated for Business entities, hence, it should be simplified. The Government should reduce scope for same product for multiple classification to avoid confusion. Only Central Government should give advance ruling, which should be acceptable across India.
The Government should focus on specialization of Industries in different States, to increase productivity and reduce production cost. The Government should also introduce Honest Tax Payers policy in order to increase faith in Tax Payers. It should also remove arresting Power unless it related to national security.” – Mr. Suresh Pansari, Co-founder and Director of RP tech India.
