On Monday, 1 February 2021, Union Budget 2021 was presented by the Hon'ble Finance Minister Nirmala Sitharaman in the Lok Sabha.
We bring you a detailed analysis on tax and regulatory amendments announced by the Hon'ble Finance Minister at her budget speech.
- Key highlights for Auto sector
- Increase in BCD rate of certain auto components
- Announcement of voluntary vehicle scrappage policy
- Equalisation levy provisions clarified
- Reduction in BCD rate of certain metals.