Finance Minister Arun Jaitley will start off from December 5 FY 19 pre-budget consultations with sectoral groups. The Budget is expected to be presented on February 1 next year. It may be the last full Budget of the NDA government in its current term.
Happily, Jaitley will first of all meet with representatives of different agriculture groups followed by representatives of trade unions.
Industry chambers are expected to meet Revenue Secretary Hasmukh Adhia for pre-Budget discussions on December 8.
Administrative Ministries are also in the midst of pre-Budget discussions with the Finance Ministry over their Revised Estimate for the fiscal and Budget Estimates for 2018-19.
The Finance Ministry has sought proposals from trade and industry on any changes that they may require.
Since this is the first Budget after the rollout of the Goods and Services Tax, it may largely focus on customs duty as other central indirect taxes, central excise and service tax, have been subsumed in GST and are with the GST Council.
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FM to start off pre-budget consultations from Dec. 05
By IndianMandarins - 2017-11-29 07:14:30
Finance Minister Arun Jaitley will start off from December 5 FY 19 pre-budget consultations with sectoral groups. The Budget is expected to be presented on February 1 next year. It may be the last full Budget of the NDA government in its current term.
Happily, Jaitley will first of all meet with representatives of different agriculture groups followed by representatives of trade unions.
Industry chambers are expected to meet Revenue Secretary Hasmukh Adhia for pre-Budget discussions on December 8.
Administrative Ministries are also in the midst of pre-Budget discussions with the Finance Ministry over their Revised Estimate for the fiscal and Budget Estimates for 2018-19.
The Finance Ministry has sought proposals from trade and industry on any changes that they may require.
Since this is the first Budget after the rollout of the Goods and Services Tax, it may largely focus on customs duty as other central indirect taxes, central excise and service tax, have been subsumed in GST and are with the GST Council.
