Budget Expectation - Mr. Sunil Kumar Gupta, Founder & Director, ExportersIndia.com

"With the demonetization drive and the digital push, it has dawned on the SMEs that shifting their business online is the need of the hour and they are looking ahead expectantly on the upcoming budget. The government's intention of lowering Corporate Tax to 25% announced in FY 16 has raised hope for a further plunge this year anticipating a drop up to 18%, including all surcharges and cess with withdrawal of all tax incentives, concessions etc. This would not only boost the overall tax revenue, lead to job creation but also turn India into an attractive international investment destination. With cashless economy and the given trends of incentivising cashless transactions on focus, it seems that more such schemes encouraging digital payments in the FY 17 may be announced that are sure to set the cash registers ringing for online businesses. GST is one of the best things to happen to B2B E-commerce; its early implementation and addressing issues related to Tax Collection at Source, treatment of refunds and cancellations etc. should spur the growth of SMEs. Additional measures to strengthen the Government initiatives such as 'Make in India', 'Start up India' and 'Skill India' is sure to be in consideration and will boost the growth of entrepreneurial SMEs."

Source : Equity Bulls

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