Ankit Agarwal, Managing Director, Alankit Limited quote on Union Budget 2019

Ankit Agarwal, Managing Director, Alankit Limited said "The Finance Minister in the Union Budget has struck the right chord with companies operating in India by proposing an increase in the annual turnover limit from Rs 250 crore to Rs 400 crore for availing a lower corporate tax rate of 25 per cent. Furthermore, a promising move that will streamline business operations is the push towards encouraging digital payments for customers of those business establishments having an annual turnover of over Rs 50 crore and with no charges on MDR on business and customers. The new proposals for simplification of the GST system to a single monthly return and scheme to resolve pending litigations are a great relief for the business community".