Budget 2020: The focus is on simplifying GST and preventing evasion

The direct tax proposals aim to accelerate economic momentum and ease of living for taxpayers, though the key will lie in smooth administration

Indirect Taxes

Budget 2020 was crucial in view of the juxtaposition of two contrasting situations in the current economic scenario, namely the government’s endeavour to make India a $5 trillion economy by the year 2025, and the economic slowdown. The length of the finance minister's Budget speech (by far, the longest in India's history) clearly indicated government’s economic concern.

The Budget was based on three prominent themes: Aspirational India (aimed at providing better standards of living to all sections of society), economic development (aimed at higher productivity by way of economic reforms) and a caring society (aimed at social welfare and environmental