Good Morning Friends, Have a Nice Day .......The recent decisions taken by the Union Government are a gate way towards boosting Indian Economy . The Corporate Tax rate cut is certainly a booster for the Indian Economy . Business, investor and consumer sentiment in India is largely driven by taxes. Union Finance minister Nirmala Sitharaman’s decision to cut the corporate tax rate to a flat 22% from (25.17% with Cess and surcharge) for companies . In one move, the finance minister has now made corporate tax rates in India among the lowest in South East Asia. Similarly in the GST Council Meet the GST rates have been slashed on various items and the revised GST rates would become effective from 1 October 2019 .The key sectors which would benefit from GST rate cuts are Hotel Industry , Gems & Jewellery , Defence and automobiles.
Manoranjan Kalia 
Date 21 st Sep 2019