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Post Budget Reaction by Mr. Harkirat Singh, Managing Director, Woodland Worldwide
Published on July 6, 2019
Keeping the growth of the nation in mind, the overall budget seems to be quiet positive. We appreciate the government’s decision to provide 2% interest subvention on fresh loans to MSMEs upto Rs 1 crore and reduce 5% tax for small and
medium companies.
Talking about GST, the government will further simplify GST to a single monthly return, e-Invoice System will be introduced. Legacy dispute resolution scheme proposed for the closure of pending litigation in GST cases. It will be interesting to see the new changes.
