Thursday, October 27, 2022

Expectations from Union Budget 2022

Introduction


Amidst the current Omicron wave across the world, leading world economies, including India, are on the path of recovery from the damage the COVID-19 pandemic has done. With the predicted growth of real GDP estimated at 8.3 per cent, as forecasted by the World Bank, the Indian economy is at the centre of the limelight in world economics.


In this article on expectations from the Union Budget 2022, we have highlighted industry-wise expectations for reforms, subsidies, and support mechanisms from the Government of India.

 

Hospitality Sector

 

The hospitality sector is amongst the sectors that have been most disrupted from the COVID-19 pandemic and pursuant lockdown and travel restrictions that were imposed across the country.

 

This sector has been significantly suffered a crunch on liquidity and hence we expect the following reforms, support and benefits to accrue from the union budget 2022:

 

  1. Reduction in tax rates on both corporate and normal assesses.
  2. Fund for extending liquidity to the sector in form of collateral-free top-up of working capital limits
  3. Increased or priority access to MSME reforms for the stressed entities.
  4. Introduction of schemes for the promotion of travel and tourism by the government.

Company Registration in India

If you are planning to start business in India, the first &the foremost step is to establish the legal presence of your business in India by registering it in accordance to the applicable provisions of Companies Act, 2013.

 

Thinking why to choose Company Registration in India? Company Registration in India will boost the progress of your business and provide an additional edge over those who have not registered.

 

  • Shields from personal liability and protects from alternative risks and losses.
  • Attracts more customers
  • Procures bank credits and good investment from reliable investors with ease.
  • Offers liability protection to protect your company’s assets
  • Greater capital contribution and greater stability, increases the potential to grow big and expand
  • You will also get Zero Balance Current Account

 

Why Setup Services India to help you in Registering your Company in India?

 

The Company Registration process is completely online, so you don’t even have to leave your home to get your entity registered. Our highly qualified professionals ensure that not even a single client at SSI is ever bothered to participate in a cumbersome procedure(s) while doing their business; we take this as our responsibility to solve the complex trails of statutory compliances for you to save your time and effort in doing your business. Want to know more OR have any doubt?? Request a Call Back!


Read More About:  PAN India LLP Registration Service   Business setup services India   Online GST registration Services in India 

What is slump sale? | Trademark Registration in India

A single entity could have separate segments or undertakings with its own set of assets and liabilities each focused on a different busine...