Budget 2023 a roadmap for resurgent India; aims to get fiscal house in order

Budget 2023: This budget may galvanize an effective AI ecosystem necessary to nurture buoyancy in GST revenues and improve taxpayer morale and trust in the system

In the backdrop of India being touted as a ‘bright star’ amongst world’s major economies and completing the cardinal landmark of demi-decade for her budget presentation, honorable Finance Minister Nirmala Sitharaman tabled the final full year Budget 2023 in Lok Sabha ahead of national polls.

Notwithstanding economic uncertainties worldwide and global glooms, India has emerged as a key driver of global growth with an underlying emphasis on improving the ease of doing business.

Considering indirect taxes contributes a major chunk of government’s tax revenue (that is 53 per cent), the budget has introduced a gamut of indirect tax