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Union Budget 2025 – A Comprehensive Analysis of Income Tax and GST Changes

The Union Budget 2025 introduces significant amendments in both income tax and GST laws, aimed at simplifying compliance, reducing tax burdens, and fostering economic growth. The income tax reforms focus on restructuring tax slabs, easing compliance for businesses and trusts, and encouraging voluntary disclosures. The GST changes, as recommended by the 55th GST Council Meeting, emphasize rationalizing credit provisions, easing return filing, and enhancing tax governance mechanisms.

For a detailed breakdown of these changes, please refer to the attached PDF document.

About the Author

Iyer & Nair Chartered Accountants
Sathiavageeswaran S & Co., Chartered Accountants

Updated on: February 13th, 2025

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