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Right at the beginning of the new year, as the nation gears up for the Lok Sabha elections, all eyes are focused on the imminent budget announcement slated for February 1, 2024. The prevailing expectation is that the budget shall be presenting an opportunity to address lingering concerns and lay the groundwork for sustained economic growth in the coming years. Interestingly, the spotlight of Budget 2024 is projected to concentrate on streamlining Customs law compliance rather than delving extensively into GST law, which is typically addressed in GST Council meetings. While the Central GST Act may witness amendments to align with recent changes in GST Rules. As we await the unveiling of Budget 2024, the nation anticipates a critical moment that will not only impact economic policies but also contribute to the discourse leading up to the elections.
In this edition of our newsletter, we have curated a diverse range of articles including insights from the industry experts that cover a variety of topics, including recent tax reforms, emerging trends in the industry, and updates from the global tax arena. Alongside these updates, here are the salient developments covered in this Newsletter:
In addition, thereto, true to our view of bringing news which are beyond facts, we have covered all the judicial and regulatory developments in direct and indirect taxes with interesting insights. We have also covered developments of the erstwhile indirect tax laws, which can be helpful precedents for disposing the pending litigations.
We are pleased to present to you the 39th Edition of our 'Vision 360' Newsletter in partnership with TIOL. This edition encapsulates the pivotal judicial and legislative advancements in Direct Tax, Indirect Tax, and other regulatory domains throughout the month of December 2023. We trust that perusing this newsletter will provide you with an enriching experience. Your valuable feedback is always appreciated and can be shared with us at firstname.lastname@example.org or email@example.com
The information provided in this update is intended for informational purposes only and does not constitute legal opinion or advice. Readers are requested to seek formal legal advice prior to acting upon any of the information provided herein. This update is not intended to address the circumstances of any particular individual or corporate body. There can be no assurance that the judicial/ quasi judicial authorities may not take a position contrary to the views mentioned hereinrra quis.
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