tax simplification

17 Aug

Next-Gen GST Reforms to Deliver ‘Double Benefits’ to Citizens This Diwali, Says PM Modi

Rajeev Sharma0 CommentsBusiness, IndiaDiwali 2025, GST reforms, India economy, PM Modi, tax simplification

New Delhi, August 17, 2025: Prime Minister Narendra Modi on Sunday announced that next-generation Goods and Services Tax (GST) reforms, expected before this Diwali, will bring “double benefits” for citizens across India.Speaking at the inauguration of two major National Highway projects worth nearly ₹11,000 crore in the national capital, PM Modi emphasised that reform is synonymous with the expansion of good governance. He said the government is focusing on reforms to make both life and business easier.“As part of this effort, a next-generation reform in GST is being planned. This Diwali, citizens will receive a double bonus through the GST…

09 Feb

New Income Tax Bill to Be Introduced in Parliament on Tuesday: FM Nirmala Sitharaman

nishuthapar10 CommentsBusiness, IndiaIncome Tax reforms, Indian Parliament, New Income Tax Bill 2025, Nirmala Sitharaman, tax simplification

NEW DELHI, February 9, 2025: Finance Minister Nirmala Sitharaman is set to introduce the new Income Tax Bill in the Lok Sabha on Tuesday, marking a significant step towards overhauling India's tax framework. The bill, which aims to simplify and streamline existing tax laws, is expected to be referred to a parliamentary standing committee for detailed examination. “I hope to have it introduced in Lok Sabha in the coming week,” said Sitharaman after the RBI board meeting. Once introduced, the bill will undergo a multi-step legislative process, starting with its referral to the standing committee for recommendations. Following the committee’s…