On February 2nd, an interactive session on Decoding the Union Budget 2021-2022: Impact and Way Forward was held virtually and organized by AMCHAM’s Western Region. The session commenced with Ms. Surabhi Wahal, Regional Director – Western Region, AMCHAM welcoming speakers and participants followed by an introduction of the expert speakers. Mr. Hitesh Sharma, Partner, International Tax and Life Science Industry Tax Head, EY India, set the stage by sharing a backdrop of the past year leading up to the Budget 2021. Through a detailed presentation and dialogue, Mr. Sharma delved into individual, direct tax proposals with a focus on tax incentives, measures provided to stimulate growth and rationalization measures. Mr. Divyesh Lapsiwala, Partner, Indirect Tax, EY India, shared his expert insights on indirect tax proposals and elaborated on customs, customs duty changes, central sales tax and GST proposals. An interactive Q&A followed. The event concluded with closing remarks and a vote of thanks by Mr. Michael Harrington, Managing Director, Mintz Group.
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