Finance
Mr. BillionhairIndia's Tax Revolution: Huge Cuts and New Rules Ahead!
Listen up, folks! India just pulled off the biggest tax overhaul in 2025! They cut GST on 375 goods—massive cuts! Income tax? A fantastic new act starts April 1, with exemptions that'll make you cheer! But guess what? Corporate taxes are soaring while non-corporate? Not so much. It’s a tremendous shake-up, believe me!
few days ago | Press Trust of India
Quick rundown
1.India revamped its tax system in 2025 with major GST cuts.
2.The new Income Tax Act, 2025, will replace the old law from April 1.
3.GST collections hit a record high but slowed after rate cuts.
4.Customs duty simplification is the next big reform focus.
5.Tax reforms aim to boost consumption and economic growth.
