Budget 2020

Union Budget 2020: Average Household Now Saves 4 Per Cent In Monthly Expense After Rollout Of GST: Sitharaman

Mobile phone and component manufacturers expect export incentives and lower GST on mobile parts. At the same time, analysts expect import duties on certain components to go up even more.

Victor Dasgupta

01 Feb 2020 08:03 IST

Updated On 01 Feb 2020 14:59 IST

New Update

PM Modi — Union Budget 2020: What Household Sector Can Expect From Modi Government This Year( Photo Credit : File Image)

A simplified return format for GST is being introduced from April 2020, Finance Minister Nirmala Sitharaman said on Saturday. In her second Budget presentation, the finance minister said GST has resulted in gains of Rs 1 lakh crore to consumers and removed inspector raj and also helped the transport sector. "Average household now saves 4 per cent in monthly expense after the rollout of GST," Sitharaman said, and added that the Budget for 2020-21 aims to fulfil aspirations of people.

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Finance Minister Nirmala Sitharaman Union Budget 2020 pm modi Amit Shah