“Budget 2010 proposals have to be dealt in a manner to ensure sustaining what appears to be a promising economic recovery, controlling spiraling inflation especially food prices and fiscal deficit. The continuation of economic stimulus package and it’s duration is another keenly watched decision especially for the critical sectors like Automotive and Engineering goods. Industry is expecting a definitive position on GST implementation considering the scale and complexity of dismantling present Indirect tax regime. The continuation of tax sops for IT and ITEs sector will again be a big expectation as the service sector recovery, expansion and investments will be driven based on clarity on tax incentives especially grandfathering of benefits to SEZ units”Ajay Patil ---- Director - Finance, Eaton India
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