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Union Budget 2023: What does American industry want from India’s budget? This demand placed before Finance Minister Sitharaman – Us Industry Urges Fm To Rationalize, Simplify Direct And Indirect Taxes In India

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Union Budget 2023: American industry has urged Finance Minister Nirmala Sitharaman to rationalize and simplify direct and indirect taxes in India. It believes that this move will increase the confidence of global investors and attract more foreign direct investment. Direct taxes are in the form of income tax, capital gains tax or securities transaction tax, while indirect taxes such as GST, customs duty or VAT are levied on any goods or services. All are levied on final consumers for purchasing services.

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