Significant GST reforms were implemented in the Union Budget 2025, with an emphasis on increasing transparency, reducing the tax burden on small enterprises, and boosting compliance. Stricter ITC claim regulations, e-invoicing requirements for companies with ₹5 crore in revenue, updated GST rates, and higher GST registration limits for MSMEs are some of the major changes. Although companies must adjust to more stringent laws, these changes seek to simplify compliance, increase economic growth, and streamline procedures.

The Union Budget 2025–2026, to be presented by Finance Minister Nirmala Sitharaman on February 1, 2025, is expected to set the financial roadmap for the coming fiscal year. Key areas of focus include changes in taxation, infrastructure development, digital economy growth, and social welfare programs. With rising expectations from businesses and taxpayers, this budget will play a crucial role in shaping India’s economic future. Stay tuned for key announcements and live updates on Budget Day.