Photo: PTINew Delhi: Finance Minister Arun Jaitley is likely to present India’s first post- goods and services tax (GST) and the current government’s last full Budget on 1 February next year. Also, the nearly century old tradition of having a separate budget for the railways was scrapped and merged with the general budget. The tentative schedule being drawn up for the Budget Session means that there would be less than a month’s gap between two sessions of Parliament. The Union Budget 2018-19 would be the last full Budget of the BJP-led NDA government before the 2019 General Elections. With excise duty and service tax being subsumed in the GST, the classifications in the forthcoming budget may undergo change, he said.

Source: Mint December 03, 2017 06:11 UTC