Simplified classification and GST rate structure for automobiles and auto components, reduction of GST on hybrid vehicles, ...

Finance minister Nirmala Sitaraman has offered to further simplify and rationalise the Goods and Services Tax (GST) structure and expand it to the remaining sectors so as to multiply its benefits.

The Union Budget 2025-26 introduces several amendments to indirect taxes, covering GST and customs. In GST, changes include allowing Input Service Distributors to distribute input tax credit for inter ...

Reduction in GST Rates The hospitality industry has long been advocating for a reduction in Goods and Services Tax (GST ...

Homebuyers may also benefit from higher interest ... Hoping for a reduction in GST rates to make health insurance more affordable, an increase of tax exemption to encourage people to buy insurance ...

Sectors such as health insurance, taxation, and mutual funds are particularly hopeful for policy changes that could increase financial inclusion and channel savings into productive investments.

One of the most pressing demands from the sector has been the reduction of GST ... tax benefits for equity mutual funds held beyond seven years. This could include reduced LTCG rates or higher ...

With FM set to table the Budget 2025, tax experts and stakeholders remain optimistic of major changes in the tax regime, ...

Finance Minister Nirmala Sitharaman will present the Union Budget 2025 on February 1, 2025. The Parliament's Budget se ...

This would reduce the cascading effect of tax on the cost of goods and services. A complete overhaul of the current indirect tax system with impacts on the structure ... benefit companies, especially ...

The Union Budget 2025 presents an opportunity to simplify India’s capital gains tax structure, an approach that can enhance ...