https://www.taxtmi.com/news?id=32426 Union Budget 2025 combines support for digital infrastructure, AI and 5G with an MSME credit guarantee and export focused measures expected to bolster Indian firms expanding into the Gulf and increase cross border advertising and trade collaboration. Industry criticism centred on the retention of the 18 per cent GST on advertising services, seen as a missed opportunity to reduce marketing costs for SMEs and digital first brands and to stimulate Gulf based media and platform revenues. Observers also noted tax exemption changes for middle income taxpayers, planned KYC simplification, and export and tariff assistance for MSMEs as relevant to NRI business engagement. en-us Sat, 01 Feb 2025 16:16:03 +0530 Sat, 01 Feb 2025 16:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32426 Union Budget 2025 combines support for digital infrastructure, AI and 5G with an MSME credit guarantee and export focused measures expected to bolster Indian firms expanding into the Gulf and increase cross border advertising and trade collaboration. Industry criticism centred on the retention of the 18 per cent GST on advertising services, seen as a missed opportunity to reduce marketing costs for SMEs and digital first brands and to stimulate Gulf based media and platform revenues. Observers also noted tax exemption changes for middle income taxpayers, planned KYC simplification, and export and tariff assistance for MSMEs as relevant to NRI business engagement. News - Sat, 01 Feb 2025 16:16:03 +0530 https://www.taxtmi.com/news?id=32426