From April 1, India will implement major financial and regulatory changes, including the new Income Tax Act 2025, labour law reforms, revised Indian Railways ticket cancellation rules, and updated LPG pricing. These measures aim to simplify taxes, boost employee benefits, and tighten regulations
India’s GST collections rose marginally to Rs 1.70 lakh crore in November, supported by policy reforms and higher import IGST. Net GST revenue grew 1.3per cent, while April–November collections rose 7.3per cent, reflecting steady consumption and economic momentum
Prime Minister Narendra Modi has hailed GST 2.0 as a bold reform that will enhance ease of living and business. Taking effect on September 22, the reforms slash tax rates on everyday foods, easing household expenses and boosting MSMEs and farmers
Finance Minister Nirmala Sitharaman introduced the revised Income Tax Bill, 2025, in the Lok Sabha, adopting 285 recommendations from a Parliamentary panel. The bill aims to simplify tax laws, benefit the middle class, and replace the decades-old 1961 Act
As the bold indirect tax reform completes eight years of implementation, the occasion calls for an honest appraisal and the introduction of further changes
Hyderabad: Budget 2022 provides an opportunity for the Government to narrow the rural-urban gap and strike a balance in reigning inflation and ensuring fiscal prudence. The momentum on the economic recovery and buoyancy of tax collections would need to be sustained, Pradeep Narayanan, partner, BSR & Co (a sub-licensee firm of KPMG in India) tells […]
