Transport sector has great expectations from the budget, the government can reduce the difficulties of the common man

Transport Business Expectations Union Budget 2023: The Modi government at the center is bringing the Union Budget 2023 on 1 February 2023. The expectations and expectations of the transport business have increased from the general budget from Union Finance Minister Nirmala Sitharaman. Know what has been demanded by the transport business in this budget.

oil under gst

Diesel and Petrol should be brought under the purview of GST, which has been a long standing demand of the transport business. The price of crude oil has come down in the international market. The central government may try to reduce the rates of diesel and petrol in this budget. Due to which the difficulties of transport business and common man have reduced considerably.

TDS should be applicable on transport sector

According to media reports, before the year 2014, TDS was not applied on transport business. In the 2015 budget, TDS has been implemented on the transport business. All India Motor Transport Congress has given memorandum to Union Transport Minister Nitin Gadkari several times. Minister Gadkari has also written several times to the then Finance Minister Nirmala Sitharaman to remove it, but the central government has not yet removed it. It is expected that in this budget, section 194, C and 194 N of the IT Act will be abolished and TDS from the transport business. Should be removed.

small business owners upset

Practical reforms have been demanded in Section 44 AE of the IT Act. Due to its provisions, small transport businessmen are very upset. The central government says that its provisions are not logical and it will be rectified. Till now no action has been taken on this. An important expense of tire transport business is coming to the fore. Tire companies have formed their own cartel in the country, and consumers are suffering a lot. There has been a demand for removal of control and anti-dumping duty on the export of tyres, so that fair competition can be established.

Age extended for BS VI vehicles

There is a lot of expectation regarding BS VI vehicles in the budget. The cost of BS VI and their maintenance are quite expensive. GST on BS VI vehicles, Ad Blue, lubricants, spare parts, insurance etc. (GST) and other taxes should be reduced. BS VI vehicles which are very modern. There has been a demand to increase the age of these vehicles from 15 years to 25 years.

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