The Wage Code 2019: India’s Pay Structure Could Transform the Working Economy The Code on Wages, 2019 is one of the most significant Labour reforms introduced by the Indian government in recent decades. It marks a major shift in how wages, bonuses, and pay-related compliance are regulated across industries. Designed to simplify and consolidate multiple […]
India’s GST (Goods & Services Tax) regime is being overhauled. Key reforms from the 56th GST Council meeting include: These changes aim to reduce tax burden on common/necessary goods, simplify compliance, reduce classification issues, make prices more predictable, and hopefully spur consumption. What will become cheaper (from 22 September) Here are specific categories/items that will
The Import Export Code, or IEC Code, is a unique 10-digit code. It’s given by the Directorate General of Foreign Trade. It’s needed for all businesses that trade internationally, including imports and exports. The IEC Code is key for businesses wanting to grow globally. Knowing how to get an IEC Code is vital for businesses. It helps them follow the rules.
In a major overhaul of India’s indirect tax system, the GST Council has approved the government’s proposal to reduce the number of tax slabs to just two — 5% and 18%. At the same time, the Council has also introduced a 40% “special GST” for harmful and luxury goods. Finance Minister Nirmala Sitharaman, addressing the
The Finance Bill 2025 is one of the most important pieces of legislation in India’s financial calendar. It translates the Union Budget’s proposals into law, directly shaping how individuals, businesses, and the economy will be taxed and regulated in the coming year. The Bill is more than just a routine exercise—it determines the government’s revenue
