<p _fromclip="id_1d9b79ffe33d"><em>By Mahesh Jaising</em></p>.<p _fromclip="id_1d9b79ffe33d"><strong>Part 1 – Budget</strong></p>.<p>Customs – changes expected</p>.<p _fromclip="id_e941c94ae802"><strong>Make in India</strong></p>.<p>“Make in India” movement launched in 2014 has been extremely successful and has greatly enthused investments into India. </p>.<p>Mobile phone manufacturing has perhaps witnessed the most dramatic success story. News reports suggest that almost 95% of mobile phones sold today in the country are produced domestically. </p>.<p>With the demand for electronic hardware expected to only rise in the near future, the Government is expected to continue its focus on this sector. </p>.<p>Fixing of inverted duty structures is key to this goal. </p>.<p>Budget 2020 likely to focus on this and may even introduce similar measures for other sectors. </p>.<p><strong>Export scheme changes</strong></p>.<p>The Government in its last budget introduced the Remission of Duties or Taxes on Export Products (RoDTEP) Scheme set to replace the Merchandise Exports from India Scheme. </p>.<p>While this was to end this month, it is expected that the scheme would be continued for a while. </p>.<p>WTO has recently passed an order against India’s export schemes – budget is expected to have announcements around SEZ and other export schemes. Clarity is expected in the Budget. </p>.<p>Trade facilitation measures</p>.<p>Trade facilitation measures are also likely to be addressed in the Budget. </p>.<p><strong>Part 2 – Policy changes</strong></p>.<p>GST – advantages, how has it streamlined taxes</p>.<p><strong>GST 2.0</strong></p>.<p>E-invoicing and new returns under GST focus on technology, automation and ease of doing business. </p>.<p>Industry keen to seen a smooth transition and successful roll-out of both. </p>.<p>E-invoicing the first time operations side of businesses directly interact with compliance requirements under GST. </p>.<p>Several other countries have also implemented similar e-invoicing requirements. Learnings from such experiences internal to a successful roll-out. </p>.<p><em>(The author is Partner, Deloitte India)</em></p>
<p _fromclip="id_1d9b79ffe33d"><em>By Mahesh Jaising</em></p>.<p _fromclip="id_1d9b79ffe33d"><strong>Part 1 – Budget</strong></p>.<p>Customs – changes expected</p>.<p _fromclip="id_e941c94ae802"><strong>Make in India</strong></p>.<p>“Make in India” movement launched in 2014 has been extremely successful and has greatly enthused investments into India. </p>.<p>Mobile phone manufacturing has perhaps witnessed the most dramatic success story. News reports suggest that almost 95% of mobile phones sold today in the country are produced domestically. </p>.<p>With the demand for electronic hardware expected to only rise in the near future, the Government is expected to continue its focus on this sector. </p>.<p>Fixing of inverted duty structures is key to this goal. </p>.<p>Budget 2020 likely to focus on this and may even introduce similar measures for other sectors. </p>.<p><strong>Export scheme changes</strong></p>.<p>The Government in its last budget introduced the Remission of Duties or Taxes on Export Products (RoDTEP) Scheme set to replace the Merchandise Exports from India Scheme. </p>.<p>While this was to end this month, it is expected that the scheme would be continued for a while. </p>.<p>WTO has recently passed an order against India’s export schemes – budget is expected to have announcements around SEZ and other export schemes. Clarity is expected in the Budget. </p>.<p>Trade facilitation measures</p>.<p>Trade facilitation measures are also likely to be addressed in the Budget. </p>.<p><strong>Part 2 – Policy changes</strong></p>.<p>GST – advantages, how has it streamlined taxes</p>.<p><strong>GST 2.0</strong></p>.<p>E-invoicing and new returns under GST focus on technology, automation and ease of doing business. </p>.<p>Industry keen to seen a smooth transition and successful roll-out of both. </p>.<p>E-invoicing the first time operations side of businesses directly interact with compliance requirements under GST. </p>.<p>Several other countries have also implemented similar e-invoicing requirements. Learnings from such experiences internal to a successful roll-out. </p>.<p><em>(The author is Partner, Deloitte India)</em></p>
