Union Budget 2025 Expectations | Insights on Indirect Taxation Reforms & Key Policy Changes

#TaxmannUpdates #TaxmannBudget #BudgetExpectation #Budget2025 #IndirectTax #CustomsDuty #Export
In this video, Divyesh Lapsiwala (Partner - Indirect Tax at EY India) outlines his top five expectations for the Union Budget 2025-26 from an indirect tax perspective. The discussion revolves around potential reforms designed to strengthen digital compliance, encourage exports, and refine tax structures. Key takeaways include:
• Expansion of Digital Coverage - Introduction of API-based compliance frameworks for seamless tax administration
• Revival of Export Incentives - Potential reinstatement of service-sector benefits to enhance global competitiveness
• Implementation of GST Council Decisions - Execution of key measures approved in the 55th GST Council meeting
• Customs Duty Rationalisation - Streamlining duty structures for greater trade efficiency and ease of doing business
• Support for Atmanirbhar Bharat - Continued policy measures to bolster domestic manufacturing and self-reliance
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MUST READ:
• Detailed Document of Taxmann’s Key Recommendations & Expectations from the Union Budget 2025-26: taxmann.social...
• Highlights of the Finance Bill 2025: taxmann.social...
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Essentials for the Union Budget 2025-26:
• Start your Pre-Budget | Budget | Post-Budget Journey with Taxmann's special website for the Union Budget: taxmann.social...
• Taxmann's Budget [Income-tax | GST | Customs] - 2025-26: taxmann.social...
• Taxmann's Budget Marathon | Series of Webinar on the Union Budget 2025-26 | Threadbare, Detailed & Comprehensive Analysis
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