Key tax and financial reforms that affect people, companies, and the economy are included in the Finance Bill 2025, which was issued together with the Union Budget. It provides clarification on crypto taxation, simplified GST, lowered corporate taxes, and updated income tax slabs.

The most significant adjustment to income tax slabs brought about by the Union Budget 2025 was the exemption of income up to ₹12 lakhs from taxes. Additional changes include a higher standard deduction of ₹75,000 and lower tax rates for those making between ₹8 lakhs and ₹24 lakhs. The goals of these measures are to streamline the tax filing process, promote savings and investments, and give middle-class taxpayers financial relief. The new tax system and its effects on people and the economy as a whole are covered in this blog.

To improve financial stability and reduce systemic risks, the Reserve Bank of India (RBI) has issued new regulatory rules for non-banking financial firms (NBFCs). The categorization of NBFCs, the scale-based regulatory approach, governance enhancements, and the sector's operational ramifications are all covered in detail in this blog.

Changes to the hotel and restaurant tax structure, which will take effect on April 1, 2025, have been announced by the GST Council. By eliminating the idea of a "declared tariff" and tying GST rates to actual room tariffs, the amendments seek to make compliance easier. To meet their business objectives, hotels can select from a variety of GST arrangements. Find out how the hospitality industry will be affected by these developments and what hotels need to do to get ready.

This synopsis delves into the upcoming landscape of electronic invoicing (e-invoicing) in India. It examines the potential advantages and obstacles associated with the widespread adoption of e-invoicing in the country. Through an analysis of the current scenario and future projections, it aims to shed light on the transformative impact of e-invoicing on businesses and the economy. Key topics covered include the efficiency gains, cost savings, compliance advantages, and technological advancements facilitated by e-invoicing. Additionally, it addresses challenges such as implementation complexities, technological readiness, and data security concerns. Overall, this synopsis provides valuable insights into the promising prospects and critical considerations shaping the future trajectory of e-invoicing in India.