GST 2.0: India’s bold tax reforms and the push for self-reliance

September 6, 2025 12:55 PM

GST 2.0: India’s bold tax reforms and the push for self-reliance

In the sweltering heat of India's Independence Day celebrations on August 15, 2025, Prime Minister Narendra Modi stood atop the historic Red Fort in Delhi, addressing a nation brimming with anticipation. Amidst his speech on national progress and economic resilience, he unveiled a pivotal announcement: the initiation of next-generation Goods and Services Tax (GST) reforms. This marked a significant milestone in India's fiscal landscape, building on the foundational GST system introduced in 2017...

FM Sitharaman tables revised Income Tax Bill in Parliament to enhance fairness, clarity

August 11, 2025 3:14 PM

FM Sitharaman tables revised Income Tax Bill in Parliament to enhance fairness, clarity

Union Finance Minister Nirmala Sitharaman on Monday introduced a revised version of the Income Tax Bill, 2025 in the Lok Sabha, incorporating most of the recommendations made by the Parliamentary Select Committee headed by BJP leader Baijayant Panda. The introduction took place amid Opposition uproar. Tabling the bill, Sitharaman said that the changes were necessary to convey the correct legislative meaning. “There are corrections in the nature of drafting, alignment of phrases, consequentia...