Practice Area

GST/ INDIRECT TAX / GCC VAT

Published On

February 1, 2024

Authors

Rajarshi Dasgupta , Anwesha S Mukherjee , Milind Anand , Debarun Chakraborty

Description

We bring to you our Interim Budget 2024-25 edition of the nota bene Update.

The year 2024, being the year for the Lok Sabha Elections, the Hon’ble Union Finance Minister, Ms. Nirmala Sitharaman presented the Interim Budget of the Government of India for FY 2024-25. In this budget, the Hon’ble Minister emphasized on ‘Governance, Development and Performance’ (GDP) in achieving its objectives of inclusive development, growth, social justice and Nari Shakti.

The Government with the ‘whole of nation approach’ envisages an all-round, all-pervasive and all-inclusive development, working to make India ‘Viksit Bharat’ by the year 2047, with the vision of a ‘Prosperous Bharat in harmony with nature, with modern infrastructure, and providing opportunities for all citizens and all regions to reach their potential’.

In light of the above, key proposals tabled by the Hon’ble Minister have been discussed in this update.

Hope you enjoy reading this nota bene and also looking forward to hearing from you for further deliberation.