Union Budget 2019: No angel tax relief for startups but AI, electric vehicle push could open up opportunities
Updated : February 01, 2019 04:10 PM IST
The finance minister said more than 35 lakh small traders, manufacturers and service providers will benefit from trader friendly measures, which also include previous announcements such as exemptions from GST for small businesses doubled from Rs 20 lakh to Rs 40 lakh.
The finance minister also announced that GST-registered SME units will get 2 percent interest rebate on incremental loan of Rs 1 crore.
The government as a customer is a strong push to small companies, especially if the sourcing is done transparently.
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