Budget 2025: Anticipated Reforms in Customs Duty and GST by FM Nirmala Sitharaman

As the Union Budget 2025 approaches, Finance Minister Nirmala Sitharaman is expected to introduce significant reforms in customs duty and the Goods and Services Tax (GST) to enhance India's economic efficiency. Potential measures include rationalizing customs duties to promote domestic manufacturing and revising GST slabs to simplify the tax structure, thereby reducing compliance burdens for businesses. These initiatives aim to foster a more streamlined and business-friendly environment, bolstering India's position in the global market. 

Source: DNA India