- Union Budget 2024-2025 to be announced on July 23rd, 2024
- Indirect tax announcements expected to bring cheers
- Industry hopes for policies to incentivize domestic manufacturing, especially in electric vehicle sector
- Budget expected to boost domestic manufacturing and set investment policies
- Expected changes in Customs Law to reduce litigation and compliance burden
- Investments and augmentation expected for EV and RE sector
- Industry awaits GST rate rationalization and incentives/subsidies for EV and its component manufacturers
- Contentious issue of GST on petroleum products may be addressed in the budget
Source: a2ztaxcorp.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.
