Budget 2013: What India Inc anticipates
Industry will also closely watch the decision on Goods and Services Tax (GST) rollout during the upcoming budget. In the absence of GST, creating a unified tax structure across states to facilitate growth of the industry has not been possible. Finance Minister P Chidambaram had met the head of States and arrived at some kind of consensus this month. Although the implementation of GST might not be possible from the next financial year yet the industry expects a roadmap towards its implementation. There is not much talk about the direct tax code (DTC), something that remained at the top of discussion during the last budget.
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