Finance Budget (2024) of the New Government
Full Finance Budget will be presented by FM on 23rd July, 2024 at 11 am.
Category: Budget-II 2024-25
Budget Expectation: Electric vehicle sector demands hike in subsidy, GST reduction
With the Union Budget around the corner, India’s electric vehicle (EV) industry is eying major boost to the sector. Increase in subsidy, reduction of GST on EV components, policy to support research and development and introduction of production-linked incentives are some of the expectations of the industry.
Union Budget 2024: ‘Expecting changes on streamlining indirect tax compliances’
Union Budget 2024 is set to be presented on July 23, it is expected that certain amendments will be made to the law, as recommended by the GST Council. Recommendations for trade facilitation, such as an amnesty scheme for the settlement of disputes for specified periods and a reduction in the amount of pre-deposit for appeals, were made before the Council at a recent meeting.
Budget 2024: From Income Tax To GST; Understand India’s Tax System In Simple Terms
Taxes are mandatory payments imposed on individuals by the state and central governments, serving as crucial sources of revenue to develop our nation’s economy and infrastructure.
Union Budget 2024: Anticipating key GST reforms and industry impact
It is that time of the year again when industries, economists, financial advisors, and the taxpayer community eagerly await the announcements from the Hon’ble Finance Minister. The focus of the Modi 3.0 administration continues to be on fiscal consolidation.
Budget 2024: Ed-Tech Sector Calls For GST Reforms And Digital Infra Push
The ed-tech sector has several expectations from the upcoming budget that include reduced GST, enhanced digital infrastructure, and more.
Union Budget 2024: Education sector hopes for enhanced support, GST reforms, job creation
As Finance Minister Nirmala Sitharaman prepares to present the Union Budget for the current financial year on July 23, stakeholders in the education sector have expressed high hopes for reforms and increased financial support.
Budget ’25: Green projects may receive incentives
The forthcoming budget may give some tax incentives to entities engaged in environment-friendly green projects, sources told TNIE.
Budget may not change 45-day rule on payment to MSMEs
The Union Budget may not make any change in the 45-day pay rule in Income Tax law as the government has amended the Company Law order and notified new form for reporting by companies about delay in payment to micro and small enterprise suppliers. Tax and legal experts are divided over how the change will impact compliance burden for large companies.
Budget may include implementation of global minimum corporate tax rate
Finance Minister Nirmala Sitharaman may declare India’s commitment to ‘Pillar 2’, aiming to implement a global minimum effective corporate tax rate of 15%, during the upcoming Budget, ToI reported.