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A taxation framework that encourages efficient fundraising, asset migration, and consolidation for Business Trusts is essential.

The Union Budget 2024-25 is anticipated to drive economic growth and attract foreign investment, focusing on easing business regulations, enhancing the Production Linked Incentive scheme, and implementing significant tax reforms.

Over the past many years, the Government and the Regulators have been proactive to address all possible policy related issues for the domestic fund industry.

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.

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

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.

Explore Budget 2024's fiscal strategies and insights with Grant Thornton Bharat. Discover long-term reforms and economic growth focus.

Grant Thornton Bharat decode the provisions of Interim Budget 2024 and their impact on business.

With national elections on the horizon, the Government of India (GOI) is poised to unveil the interim budget for the fiscal year 2024-25 on 1st February 2024.

The union budget speech by the Hon. Minister of Finance in the previous year started off with emphasis on the economic empowerment of women. This was to be through developing the lakhs of SHGs in the country into viable income generating producer organisations and economically sustainable women enterprises.

Being the Lok Sabha election year, the 2024 Union Budget on February 1 will be interim or provisional.