This year, we hope that greater clarity will be provided on whether input tax credits will be refunded if unutilised at the end of the assessment year,” Kanchana added.
In the past, the government said it would bring the corporate income tax down to 25 per cent. OPPI expects to see a road map on this, she added.
IDMA also took the line that exemption of central excise duty for physician samples as in line with exemption from levy of VAT is the need of the hour.
Advanced Medical Technology Association (AdvaMed) has called on the government to utilise the budget to send out a positive message to global investors.
