Union Budget 2018: Any big policy announcement expected in this Budget?

The Narendra Modi-led NDA government will announce its final budget on February 1 This will be first budget after introduction of GST in India and hence there is considerable interest in knowing the indirect tax changes that are expected in Budget 2018. Changes in Customs Duties- both rate related and policy/procedures are very much on the anvil and several of them would be required in order to align the Customs Law with the GST law. Further, while GST rate changes, which are the preserve of the GST Council, may not figure in the budget , there could be quite a few legislative changes in the GST law, which have been announced in the earlier meetings. There are also expected to be quite a few policy level announcements relating to infrastructure, real estate etc. which would also have an impact on the relevant indirect taxes.