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GST Review February-2023

Roving Eye

D. H. Joshi
Vijay M. Sachiv
1. Issues arising out of Union Budget 2023-24 Dear readers by the time you read this Column, the Budget provisions would have been discussed at various platforms and the provisions might have been referred to a ‘Select Committee’ of Parliament. We propose to submit our views on the Budget vide the following 3 points only. New tax regime (II) cannot be an ideal one to save more in taxes in as much as, it is centered on salaried class. To our mind other than salaried class, the old scheme is still better claiming various deductions and exemptions and the same is not discarded in new tax regime. In the meantime, the Government has already clarified that Capital Gains tax revamp is going to be put on hold for the financial.......