Recently we all introduced to a new tax i.e. GST (goods and services tax), A tax which applied to all over India excluding all other extra taxes. That is exclusively good for all of us basically because after GST we don’t need to pay any extra taxes according states wise.
Now, Indian government is considering a new change into financial year but it’s still not confirmed and applied to the law.
On Friday, Our finance minister Arun Jaitley told lawmakers that the government is considering to change the financial year of country from April-March to January-December.
“Yet the matter of changing the financial year is still under consideration,” Jailtley told lawmakers in a written reply to the lower house of parliament.
However, He declined to detail whether the presentation of budget would be advanced to November or December from February 2018.