Budget 2021: FM Nirmala Sitharaman lays out indirect tax proposals and GST exemptions

FM Sitharaman talks about the indirect tax proposals in her union Budget 2021 speech where she mentions the GST and briefs the house on the progress so far. She lays out a proposal to review more than 400 old expenses this year. The income tax rates and slabs announced are applicable for those who forego tax exemptions and deductions. The new rates announced are options. She further proposed a revised customs duty structure and also proposed to constitute a dispute resolution committee to improve transparency, accountability for small taxpayers. For senior citizens, 75 years or above, with only pension and interest income, FM Sitharaman proposed exemption from filing their ITRs. Listen in!