Ahead of the commencement of Budget Session 2018, it is being said that this year's budget would fulfil the expectations of common people and Budget 2018 would take the India's growth story forward.

Also this is the first Budget post implementation of GST.  But since the GST rates are decided by a GST Council, headed by Union Finance Minister and comprising of representatives of all states, the Budget for 2018-19 may not have any tax proposals concerning excise and service tax levies.

The Budget contains a number of tax proposals for providing relief to small taxpayers, measures to boost growth and employment generation, incentivizing domestic value addition, reducing litigation and providing certainty, and for simplification and rationalization of taxation.