Union Budget 2025 Expectations Highlights: Anticipation is running high among industry stakeholders and citizens as we get nearer to Finance Minister Nirmala Sitharaman's Budget announcement. From ordinary taxpayers, to tech, healthcare, insurance, and finance sectors, hopes are high for income tax cuts, GST sops and other initiatives.
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New Delhi: The government is looking at a second window for the Trade Receivables Discounting System (TReDs) to allow transactions of as low as ₹1 lakh to ₹10 lakh, two officials said.
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Union Budget 2025 Expectations Live Updates: From ordinary taxpayers, to tech, healthcare, insurance, and finance sectors, among others — all stakeholders are holding high hopes for Union Finance Minister Nirmala Sitharaman's eighth Budget speech in February.
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India’s ‘K-shaped’ economy is now so entrenched that news headlines appear to be speaking about two very different countries. Consider two news items. In the first 11 months of last year, imports of luxury watches hit 250 million Swiss francs, up 28% from last year.
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A recent clarification issued by the Goods and Services Tax Council in its December 2024 meeting, that caramelized popcorn would be grouped with sugar confectionery and taxed at 18%, attracted much criticism.
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Budget 2025 Expectations: The EV industry expects the Union Budget 2025 to address GST simplification and inverted tax issues. Proposals include incentives for local battery manufacturing and consumer subsidies to enhance EV accessibility, aligning with India's goal of a 30% EV market share by 2030.
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GST return filing: The last date for filing December GSTR-1 is January 13, while taxpayers opting for quarterly payment under the QRMP scheme for the October-December period will be January 15.
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From the extension of the GST return filing and payment deadline to the 90-hour work week debate to PM Modi's podcast debut with Nikhil Kamath to Los Angeles wildfires, here are today's top stories.
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Shares of Delta Corp climbed by as much as 7 per cent on January 10 after the Supreme Court put a hold on GST show cause notices amounting to ₹1.12 lakh crore issued to online gaming companies.
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The stay aims to prevent expiration of notices and address concerns from both gaming companies and the revenue department.
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