Topics Nirmala Sitharaman | Economy growth forecast | GST
- Surcharge on gains of FPIs and domestic investors withdrawn
- Withdraw the enhanced surcharge levied on LTCG & STCG
- CSR will only be treated as civil liability, not criminal matter
- Govt to infuse upfront Rs 70,000 crore into public sector banks to enable release of Rs 5 trillion liquidity in the market
- All tax notices to be issued from centralised system
- Banks will have to pass on repo rate reduction to consumers
- Aadhar-based KYC to be permitted for opening of demat accounts and investing in mutual funds
- NBFCs to be permitted to use the Aadhaar authenticated bank KYC to avoid repeated processes
- Pending GST refunds to be paid to small businesses in 30 days
- No angel tax for startups
- Both EVs and liquid fuel driven vehicles will continue to be registered
- Govt will come out with a scrappage policy for old vehicles
- Ban on govt departments lifted for purchase of vehicles to replace old ones
- Govt allows additional 15% depreciation on vehicles acquired from now till March 2020: FM on measures to ease building auto inventories
- BS-IV vehicles purchased up to Mar 2020 will remain operational for entire period of registration: FM on continuation of old vehicles