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India's automotive industry saw robust growth in FY 2023-24, with passenger vehicle sales rising by 8% and electric vehicle sales jumping 42%. The upcoming Union budget can further support this momentum by incentivizing indigenous manufacturing, enhancing EV infrastructure, and promoting flex-fuel technology.

Introduced to simplify India’s tax regime, the Goods and Services Tax (GST) promised a seamless flow of Input Tax Credit (ITC) to enhance efficiency and reduce the tax burden on businesses. However, India Inc. has been vocal about various challenges, seeking clarity and consistency in the GST provisions, particularly related to ITC.

As India approaches the unveiling of its Budget 2024, the spotlight is firmly on the Production-Linked Incentive (PLI) schemes, which have been instrumental in revitalizing the manufacturing sector and strengthening supply chains.

The country can do wonders if all relevant stakeholders come together to devise and build plans and strategies that benefit all.

The budget is expected to focus on infrastructure, healthcare, education, job creation, and tax reliefs. Indirect taxation, including GST, will be a key area of scrutiny, with potential adjustments to customs duties and the introduction of production-linked incentive schemes.

As we approach the full budget of 2024 after the general elections, it presents the government with an excellent opportunity to refine the provisions of salary taxation to make it more effective and supportive of the salaried individuals and spur overall economic growth.

Analyze the 2024-25 Union Budget customs reforms with Grant Thornton Bharat. Implications for India's trade and compliance strategies.

Artificial Intelligence (AI) using cyber data to shape the future of information security

Inconsistencies between telecom regulations prescribed by the Telecom Regulatory Authority of India (TRAI) and GST provisions have exacerbated compliance complexities.

With the celebration of democracy having reached its conclusion with the new government being set up after the world’s largest elections, the focus is back on perhaps the most important facet of policy making, the union budget.

Maximize efficiency for global capability centres with Grant Thornton Bharat's insights on operations orchestration strategies.

Fiscal Consolidation: One of the key fundamental aspects underpinning fiscal responsibility is the political will towards maintaining a fiscal discipline.

With 43% of retail credit demand coming from 18-30 year age group, lenders need to set new benchmarks to cater to the needs of this cohort.

India is currently experiencing a severe heatwave, with temperatures in the Delhi NCR region reaching around 50 degrees Celsius.

Grant Thornton Bharat explores challenges in educating migrant children in India. Learn strategies for inclusion, support, and linguistic diversity.

Discover Grant Thornton Bharat's strategies for ensuring data quality. Learn about monitoring metrics, addressing challenges, and establishing KPIs for reliable data.