Budget Reactions from Ashish Jain, Director - Finance, Xavient Information Systems

"Once again, no attention has been given to SEZ and IT sector units which are contributing a lot to the economic development of the country. MAT was imposed on SEZ units few years back which discouraged service sector exporters and particularly IT sector exporters to set up business inside SEZs and since then, every year, there has been expectations that it would be rolled back. In general, there is nothing for medium sized corporates and individuals in this budget and rather cost of services have been increased in form of increased service tax which is a major disappointment for all." said Ashish Jain, Director - Finance, Xavient Information Systems.

Source : Equity Bulls

Keywords