2025年2月1日 · Here are the Key GST related changes proposed in the Union Budget: –. A provision allowing Input Service Distributors to distribute input tax credit for inter-state supplies subject to reverse charge, effective from April 1, 2025. A new clause defining “Unique Identification Marking” for the implementation of the Track and Trace Mechanism.

Union Budget 2025 introduces key amendments in GST provisions, including changes in input tax credit, time of supply, and track and trace mechanisms.

The Union Budget 2025 presented on 1 st February, 2025 proposed certain changes in GST. The changes and its impact are as follows. For a detailed clause-by-clause comparison of the old and new provisions in Budget 2025, check out our blog: “Budget 2025: Clause-by-Clause GST Comparison – Old vs New Provisions Explained.” 1.

Union Budget 2025-26 introduces key amendments to GST laws to enhance trade facilitation. Starting from April 1, 2025, input tax credit distribution will be allowed by Input Service Distributors for inter-state supplies subject to reverse charge. A new clause will define Unique Identification Marking for implementing Track and Trace mechanisms.

2025年3月5日 · The financial year 2024-25 is nearing its end, and March 2025 is a crucial month for businesses and taxpayers to ensure they comply with the latest GST regulations. The Budget 2025 has introduced several GST-related compliance changes that businesses must adhere to in order to avoid penalties and maintain seamless operations.

2025年2月4日 · Taxpayers earning above ₹12,00,000 can benefit from rebates, and the filing of updated returns has been made easier with extended timelines. The budget also addresses TDS rationalization, including lower rates on insurance commissions and securitization investments, as well as changes in thresholds for TDS and TCS.

Union Budget 2024-25: Key Highlights of Proposed Changes Under GST Law. The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2024-25 in Parliament, today i.e. February 02, 2025. Majorly the changes were earlier recommended by the GST Council in its 55th GST Council Meeting held on 21.12.2024.

2025年2月1日 · The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2024-25 in Parliament, today i.e. February 02, 2025. Majorly the changes were earlier recommended by the GST Council in …

The Union Budget 2025 introduces significant amendments to the GST framework, addressing critical areas such as Input Tax Credit (ITC) distribution, compliance measures, the track-and-trace mechanism, and voucher taxation. Below, we explore each of these proposals in detail and their potential impact on businesses and compliance. 1.

2024年7月23日 · Budget FY25 proposed many Amendments to the Goods and Services Tax Act. Know them all here. Union Finance Minister Nirmala Sitharaman has unveiled the Annual Budget for the fiscal year 2024-25, detailing the financial roadmap, allocations and Goods and Services Tax Act Amendment proposals.