India Inc reacts to Union Budget 2015-16

India Inc reacts to Union Budget 2015-16

Rajan Bharti Mittal, Vice Chairman, Bharti Enterprises:

"I am happy the FM has given clarity that he wants simplification of processes. For corporate tax, he has set a roadmap. That's the right way to handle things. Rather than putting it at x per cent with all the exemptions, which means more paperwork and more discretion, he has given a roadmap. The rise in service tax rates is a signal of moving towards GST. Given that it has been increased from 12.5% to 14% and with the rise in excise duty, it looks like GST (rates) will be 24 to 26%."
PHOTO: Shekhar Ghosh
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