https://www.taxtmi.com/news?id=65850 The government restructured taxation and regulatory frameworks to reduce compliance friction: the Income Tax Act, 2025 introduced tax relief and streamlined compliance; GST was simplified via streamlined slabs, easier registration, automation, and faster refunds; labour law consolidation combined 29 statutes into four codes covering wages, safety, social security, and relations; and business measures expanded MSME and small-company thresholds and rationalised Quality Control Orders to lower costs. en-us Fri, 26 Dec 2025 11:31:03 +0530 Fri, 26 Dec 2025 11:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=65850 The government restructured taxation and regulatory frameworks to reduce compliance friction: the Income Tax Act, 2025 introduced tax relief and streamlined compliance; GST was simplified via streamlined slabs, easier registration, automation, and faster refunds; labour law consolidation combined 29 statutes into four codes covering wages, safety, social security, and relations; and business measures expanded MSME and small-company thresholds and rationalised Quality Control Orders to lower costs. News - Fri, 26 Dec 2025 11:31:03 +0530 https://www.taxtmi.com/news?id=65850