Will 2025 bring the tax simplification India needs? Experts weigh in, ET LegalWorld
This year’s main agenda on taxation must be to simplify direct and indirect tax policy. The income tax rate is set to be reviewed, and rate rationalization in the Goods and Service Tax (GST) is needed to determine the implications of the taxation policy. The expectation ranges from ease in compliance to incorporating technology, balancing […]
Simplification to be the focus for taxation in 2025, ET LegalWorld
Simplification of direct and indirect tax policies will be the main focus area for the government in the New Year after beginning the review of the six-decade-old income tax law and rationalisation of the GST rate in 2024. With monthly gross GST collections stabilising at around Rs 1.8 lakh crore and gross direct tax collections […]
Law Minister Concludes UK Visit, Discusses Legislative Simplification and Plain Language Use, ET LegalWorld
London, October 5, 2024 – India’s Law Minister, Arjun Ram Meghwal, concluded his official visit to the United Kingdom, where he engaged in discussions aimed at simplifying laws and promoting the use of plain language in legislative drafting. During his visit, Meghwal held meetings with key UK legal and parliamentary officials to explore best practices […]