With the Union government focusing on widening the tax net, the management fraternity is keenly looking forward to amendments to the tax structure, says Vivek Krishna Govind, chartered accountant and president of Kerala Management Association. This will be the last full Budget of the present government and the first after the implementation of Goods and Services Tax (GST). Less taxThe corporate sector is expecting substantial reduction in tax rates including minimum alternate tax rate. New policies are expected to give further impetus to infrastructure development, Mr. Krishna Govind said. The management fraternity expects a positive Budget, which will help businesses overcome the hardships they have faced in the past few quarters, he added.

Source: The Hindu January 31, 2018 20:03 UTC