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    Mega Power Project certificate submission period extended from 120 to 156 months. Clean Environment Cess exempted on pre-GST stock.
    Amendments Update: Tax Exemption for Extra Neutral Alcohol, New Penalties, and Input Credit Adjustments for 2023-24.
    Tax Amendments: ENA Exemption, Zero-Rated Supply Refunds, Reduced Pre-Deposit for Appeals in Integrated Tax Changes.
    Sub-section (1) in Section 7 exempts Extra Neutral Alcohol for alcoholic liquor from UT tax. Section 8A regularizes non/short levy of UT tax.
    Govt empowered to validate erroneous GST cess collection retrospectively under new Sec 8A, regularizing non-levy/short levy.
    3 schemes: 1-month wage for new workforce, incentives for manufacturing jobs & EPFO contribution reimbursement for 2 years.
    GST Amendments Ease Tax Burden, Simplify Compliance, and Expand Benefits Across More Sectors.
    Income Tax reforms: Simplification, digitalization, dispute resolution scheme. TDS rationalization, higher appeal limits. STT hike, buyback tax.
    Capital gains tax: 20% on short-term gains, 12.5% on long-term gains. Higher exemption limit for long-term gains on financial assets.
    Customs Duty Reforms: Boosting Local Manufacturing, Cutting Mobile Phone Duties, and Exempting Critical Minerals & Renewable Energy Inputs.
    Income tax relief for salaried & pensioners under new regime. Higher std deduction & family pension deduction. Revised tax slabs.
    Union Budget 2024: Finance (No.2) Act, Budget Speech, Economic Survey highlights & news.
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