Quote on Union Budget 2026 by Manoj Purohit, Partner - Financial Services Tax, Tax & Regulatory Advisory, BDO India
Below the Quote on Union Budget 2026 by Manoj Purohit, Partner - Financial Services Tax, Tax & Regulatory Advisory, BDO India
The amendment to GST law to treat the activities of Intermediaries (like stock brokers) in India to FPIs as 'export', will enhance the intermediary's competitiveness, containment of cost, grant of refund of input taxes, position them better in terms of pricing. The transaction cost of FPIs will reduce , however the increase in STT on futures and option will to a certain extent offset the GST relief in case of such FPIs.
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Quote on Budget 2026 by Mr. NS Venkatesh, CEO, Bharat InvITs Association
