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2024 Finance Bill No. 55: Simplifying GST and Customs Duties for Key Industries in India

  • Indian lower house of Parliament accepted Bill No. 55/2024 for consideration
  • Bill includes measures to simplify GST and customs duties
  • Duties on critical minerals, solar energy, marine products, leather, textiles, and various metals will be exempted or reduced

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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