Budget 2025: Key reforms expected in the indirect tax ecosystem

Quick Summary:

The budget aims to include key sectors under GST, streamline assessment processes, and provide clarity on plant and machinery credits.

In view of this, a broad statement on the thought process of the Government in simplifying the tax rate structure by merging slabs etc.could bring lot of rejoice and hope to the industry.

A long-standing industry demand has been the introduction of an amnesty scheme to resolve pending litigations under Customs laws.

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Article Details

Author / Journalist: ET CONTRIBUTORS

Category: Business

Markets: IndiaIsrael

Topics: GST Reforms Union Budget 2025 Income tax Tax Nirmala Sitharaman Reforms

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-21 @ 11:13:18 (2 days ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1499 words

Reading Time: 9 minutes read

Sentences: 41 lines

Sentence Length: 37 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 25310059

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 5 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 7 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #84

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