India's Tax Shake-Up: GST Cuts and New Income Tax Act

Hey friends, India is shaking up taxes in 2025! They slashed GST rates on 375 items, now just two rates: 5% and 18%. A new Income Tax Act kicks in on April 1, giving middle-class folks a break. But watch out, some tax collections are lagging. The government is on a mission to make customs easier too!