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Stakeholders in the farm sector, equally important in ensuring a robust harvest and better prices, are wondering if Finance Minister will announce something new or tweak some taxes/rates to prop up growth.
As India gears up for a full budget following the elections, the travel, tourism and hospitality industry is poised for significant growth and development. The interim budget of February 2024 had already set a positive roadmap, with substantial increases in budgetary allocations for the tourism ministry, highlighting a clear focus on enhancing tourism infrastructure.
Directorate General of Systems and Data Management, CBIC issued Advisory No.: 12/2024 on 22.07.2024 regarding “updation of changes vide Budget 2024-25 in System”.
Full Finance Budget will be presented by FM on 23rd July, 2024 at 11 am.
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 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.
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.
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.
The ed-tech sector has several expectations from the upcoming budget that include reduced GST, enhanced digital infrastructure, and more.
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.