Union Budget 2016: Expectations from UM India

“The industry is bullish  as the Finance Minister has been indicating on tax rationalization which may empower consumers with more disposable income and boost retail growth. GST and labour reforms with time bound implementation are few moves which the industry has been waiting for long that we anticipate.

The excise duty rationalisation is the need of the hour to boost the auto industry. Excise duty for bikes/scooters should be reduced to 10 per cent as the GST will fetch more taxes for the government. SAD and excise duty adjustment…