Budget 2022: Key sectoral expectations from Indirect Tax perspective

Expectations continue to circle economic recovery, ease of compliance and kick-start investment cycle to transit domestic economy into a higher growth orbit while remaining inclusive and sustainable

Ahead of Union Budget 2022, which is to be tabled on February 01, 2022, huge expectations, from individual as well as corporate taxpayers, await Finance Minister. Nirmala Sitharaman. Businesses are waiting with bated breath to see what reforms and reliefs are introduced for the financial year ahead. It is expected that Union Budget would be an agent of change in ushering India towards the long-enumerated feat of realizing $5-trillion economy by the government. Along with the booming economy, Budget 2022-23 also has the huge responsibility for revival of economy in view of new looming Omicron threat.