New Delhi - The Union Budget 2025-26 was tabled by the Union Minister for Finance and Corporate Affairs, Smt Nirmala Sitharaman in the Parliament. The Budget proposes changes in GST laws for ensuring trade facilitation. These proposed amendments include:

Provision for distribution of input tax credit by Input Service Distributor in respect of inter-state supplies on which tax has to be paid on reverse charge basis, with effect from 1st April, 2025.

A new clause to provide definition of Unique Identification Marking for implementation of Track and Trace Mechanism.

Provision for reversal . . .