Union Budget 2022 Prioritization to ‘Ease of Doing Business’ – A Concoction Story
Article 84– Union Budget 2022 Prioritization to ‘Ease of Doing Business’ – A Concoction Story
The epicenter of Union Budget 2022 was mainly to provide impetus to ‘Ease of Doing Business, Ease of Living, AtmaNirbhar Bharat and Make in India’ movement. Withdrawal of customs duty exemption on varied imported goods, automation of procedures under Import of Goods at Concessional Rate of Duty Rules, 2017 (IGCR Rules), new SEZ legislation by September 2022, extension of timelines for availing ITC, reporting of Credit Notes, rectification in GST returns etc. are few steps flowing in line with above stated objectives. However, other Indirect Tax proposals stand contrary to aforesaid objectives by multiplying hardships for taxpayers.
Through this article, Our Managing Partner, Mr. Puneet Bansal, Managing Associate, Ms. Neha Jain and Senior Associate, Ms. Parul Gupta have attempted to analyze how the Union Budget 2022 prioritization to ‘Ease of Doing Business’ is no less than a concoction story.
Please click on the below link to read our latest article titled “ Union Budget 2022 Prioritization to ‘Ease of Doing Business’ – A Concoction Story” on the issue.