{"id":2495,"date":"2025-09-08T06:08:17","date_gmt":"2025-09-08T06:08:17","guid":{"rendered":"https:\/\/www.rnm.in\/blog\/?p=2495"},"modified":"2025-10-15T09:18:34","modified_gmt":"2025-10-15T09:18:34","slug":"editorial-income-tax-gst-global-insights","status":"publish","type":"post","link":"https:\/\/www.rnm.in\/blog\/editorial-income-tax-gst-global-insights\/","title":{"rendered":"Dear Readers,"},"content":{"rendered":"

During the month of August 2025 our CEO, Mr. Raghu Marwah was invited as a Speaker at the World Forum \u201cNew Era-New Ways\u201d in Moscow, Russia organized by the International Organisation for Eurasian Cooperation. The event had over 1000 delegates from 50 participating countries with persons from industry, government, professionals and diplomats exchanging views. The presentations on India-Russian friendship and International Logistics given by Mr. Raghu Marwah was met by applause and followed by a very good Q&A session.<\/span><\/p>\n

 <\/p>\n

On the Direct Tax side, the new Income Tax Act, 2025 was notified on August 22, 2025. Amongst other changes, the new Act substantially increases the tax-free perquisites from Rs 50,000 to Rs 400,000 and the overseas medical treatment proviso from Rs 200,000 to Rs. 800,000 effective from current financial year 2025-26. In our view, this is a major boost to salaried class and will directly impact your financial health.\u00a0\u00a0\u00a0<\/span><\/p>\n

 <\/p>\n

On the Indirect Tax Side, the Honorable Prime Minister had announced major changes in GST from the ramparts of Red Fort as part of his Independence Day speech. The 56<\/span>th<\/span> GST Council Meet expected to be held on 3-4 September is likely to formalize the relief announced, which includes major reduction in rates on most items.\u00a0<\/span><\/p>\n

 <\/p>\n

On the Assurance Side, the ICAI has issued a new Technical Guide on Accounting for CSR Expenditure in July 2025 which provides detailed instructions for the recognition, measurement and disclosure of CSR expense in the financial statements\u00a0<\/span><\/p>\n

 <\/p>\n

We would like to take this opportunity of wishing all our readers best wishes for Ganesh Chaturthi on 27 August. On this day we celebrate the remover of obstacles, the god of wisdom and the patron of new beginnings.<\/span><\/p>\n

 <\/p>\n

Related Services: tax preparation services<\/a>, gst consultancy services<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

During the month of August 2025 our CEO, Mr. Raghu Marwah was invited as a Speaker at the World Forum \u201cNew Era-New Ways\u201d in Moscow, Russia organized by the International Organisation for Eurasian Cooperation. The event had over 1000 delegates from 50 participating countries with persons from industry, government, professionals and diplomats exchanging views. The presentations on India-Russian friendship and […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[14],"tags":[],"class_list":["post-2495","post","type-post","status-publish","format-standard","hentry","category-general"],"yoast_head":"\nEditorial \u2013 August 2025 | New IT Act, GST & Global Engagements<\/title>\n<meta name=\"description\" content=\"Read RNM\u2019s August 2025 Editorial with key updates on the new Income Tax Act, GST reforms, ICAI CSR guidance, and global CEO insights.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rnm.in\/blog\/editorial-income-tax-gst-global-insights\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Editorial \u2013 August 2025 | New IT Act, GST & Global Engagements\" \/>\n<meta property=\"og:description\" content=\"Read RNM\u2019s August 2025 Editorial with key updates on the new Income Tax Act, GST reforms, ICAI CSR guidance, and global CEO insights.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rnm.in\/blog\/editorial-income-tax-gst-global-insights\/\" \/>\n<meta property=\"og:site_name\" content=\"RNM India Blogs\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-08T06:08:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-15T09:18:34+00:00\" \/>\n<meta name=\"author\" content=\"Administrator\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Administrator\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.rnm.in\/blog\/editorial-income-tax-gst-global-insights\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.rnm.in\/blog\/editorial-income-tax-gst-global-insights\/\"},\"author\":{\"name\":\"Administrator\",\"@id\":\"https:\/\/www.rnm.in\/blog\/#\/schema\/person\/ce1134c41364e5e2e30b33211eae3d81\"},\"headline\":\"Dear Readers,\",\"datePublished\":\"2025-09-08T06:08:17+00:00\",\"dateModified\":\"2025-10-15T09:18:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.rnm.in\/blog\/editorial-income-tax-gst-global-insights\/\"},\"wordCount\":286,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.rnm.in\/blog\/#organization\"},\"articleSection\":[\"General\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.rnm.in\/blog\/editorial-income-tax-gst-global-insights\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rnm.in\/blog\/editorial-income-tax-gst-global-insights\/\",\"url\":\"https:\/\/www.rnm.in\/blog\/editorial-income-tax-gst-global-insights\/\",\"name\":\"Editorial \u2013 August 2025 | New IT Act, GST & Global Engagements\",\"isPartOf\":{\"@id\":\"https:\/\/www.rnm.in\/blog\/#website\"},\"datePublished\":\"2025-09-08T06:08:17+00:00\",\"dateModified\":\"2025-10-15T09:18:34+00:00\",\"description\":\"Read RNM\u2019s August 2025 Editorial with key updates on the new Income Tax Act, GST reforms, ICAI CSR guidance, and global CEO insights.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.rnm.in\/blog\/editorial-income-tax-gst-global-insights\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rnm.in\/blog\/editorial-income-tax-gst-global-insights\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rnm.in\/blog\/editorial-income-tax-gst-global-insights\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rnm.in\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dear Readers,\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rnm.in\/blog\/#website\",\"url\":\"https:\/\/www.rnm.in\/blog\/\",\"name\":\"RNM India Blogs\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.rnm.in\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rnm.in\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.rnm.in\/blog\/#organization\",\"name\":\"RNM India Blogs\",\"url\":\"https:\/\/www.rnm.in\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rnm.in\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.rnm.in\/blog\/wp-content\/uploads\/2024\/08\/cropped-logo.png\",\"contentUrl\":\"https:\/\/www.rnm.in\/blog\/wp-content\/uploads\/2024\/08\/cropped-logo.png\",\"width\":137,\"height\":72,\"caption\":\"RNM India Blogs\"},\"image\":{\"@id\":\"https:\/\/www.rnm.in\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rnm.in\/blog\/#\/schema\/person\/ce1134c41364e5e2e30b33211eae3d81\",\"name\":\"Administrator\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rnm.in\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ade4f439fdff112eceb1f0b1bdde4b23?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ade4f439fdff112eceb1f0b1bdde4b23?s=96&d=mm&r=g\",\"caption\":\"Administrator\"},\"url\":\"https:\/\/www.rnm.in\/blog\/author\/administrator\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Editorial \u2013 August 2025 | New IT Act, GST & Global Engagements","description":"Read RNM\u2019s August 2025 Editorial with key updates on the new Income Tax Act, GST reforms, ICAI CSR guidance, and global CEO insights.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rnm.in\/blog\/editorial-income-tax-gst-global-insights\/","og_locale":"en_US","og_type":"article","og_title":"Editorial \u2013 August 2025 | New IT Act, GST & Global Engagements","og_description":"Read RNM\u2019s August 2025 Editorial with key updates on the new Income Tax Act, GST reforms, ICAI CSR guidance, and global CEO insights.","og_url":"https:\/\/www.rnm.in\/blog\/editorial-income-tax-gst-global-insights\/","og_site_name":"RNM India Blogs","article_published_time":"2025-09-08T06:08:17+00:00","article_modified_time":"2025-10-15T09:18:34+00:00","author":"Administrator","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Administrator","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rnm.in\/blog\/editorial-income-tax-gst-global-insights\/#article","isPartOf":{"@id":"https:\/\/www.rnm.in\/blog\/editorial-income-tax-gst-global-insights\/"},"author":{"name":"Administrator","@id":"https:\/\/www.rnm.in\/blog\/#\/schema\/person\/ce1134c41364e5e2e30b33211eae3d81"},"headline":"Dear Readers,","datePublished":"2025-09-08T06:08:17+00:00","dateModified":"2025-10-15T09:18:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rnm.in\/blog\/editorial-income-tax-gst-global-insights\/"},"wordCount":286,"commentCount":0,"publisher":{"@id":"https:\/\/www.rnm.in\/blog\/#organization"},"articleSection":["General"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.rnm.in\/blog\/editorial-income-tax-gst-global-insights\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.rnm.in\/blog\/editorial-income-tax-gst-global-insights\/","url":"https:\/\/www.rnm.in\/blog\/editorial-income-tax-gst-global-insights\/","name":"Editorial \u2013 August 2025 | New IT Act, GST & Global Engagements","isPartOf":{"@id":"https:\/\/www.rnm.in\/blog\/#website"},"datePublished":"2025-09-08T06:08:17+00:00","dateModified":"2025-10-15T09:18:34+00:00","description":"Read RNM\u2019s August 2025 Editorial with key updates on the new Income Tax Act, GST reforms, ICAI CSR guidance, and global CEO insights.","breadcrumb":{"@id":"https:\/\/www.rnm.in\/blog\/editorial-income-tax-gst-global-insights\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rnm.in\/blog\/editorial-income-tax-gst-global-insights\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.rnm.in\/blog\/editorial-income-tax-gst-global-insights\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rnm.in\/blog\/"},{"@type":"ListItem","position":2,"name":"Dear Readers,"}]},{"@type":"WebSite","@id":"https:\/\/www.rnm.in\/blog\/#website","url":"https:\/\/www.rnm.in\/blog\/","name":"RNM India Blogs","description":"","publisher":{"@id":"https:\/\/www.rnm.in\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rnm.in\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.rnm.in\/blog\/#organization","name":"RNM India Blogs","url":"https:\/\/www.rnm.in\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rnm.in\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.rnm.in\/blog\/wp-content\/uploads\/2024\/08\/cropped-logo.png","contentUrl":"https:\/\/www.rnm.in\/blog\/wp-content\/uploads\/2024\/08\/cropped-logo.png","width":137,"height":72,"caption":"RNM India Blogs"},"image":{"@id":"https:\/\/www.rnm.in\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.rnm.in\/blog\/#\/schema\/person\/ce1134c41364e5e2e30b33211eae3d81","name":"Administrator","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rnm.in\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ade4f439fdff112eceb1f0b1bdde4b23?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ade4f439fdff112eceb1f0b1bdde4b23?s=96&d=mm&r=g","caption":"Administrator"},"url":"https:\/\/www.rnm.in\/blog\/author\/administrator\/"}]}},"_links":{"self":[{"href":"https:\/\/www.rnm.in\/blog\/wp-json\/wp\/v2\/posts\/2495"}],"collection":[{"href":"https:\/\/www.rnm.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rnm.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rnm.in\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rnm.in\/blog\/wp-json\/wp\/v2\/comments?post=2495"}],"version-history":[{"count":4,"href":"https:\/\/www.rnm.in\/blog\/wp-json\/wp\/v2\/posts\/2495\/revisions"}],"predecessor-version":[{"id":2573,"href":"https:\/\/www.rnm.in\/blog\/wp-json\/wp\/v2\/posts\/2495\/revisions\/2573"}],"wp:attachment":[{"href":"https:\/\/www.rnm.in\/blog\/wp-json\/wp\/v2\/media?parent=2495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rnm.in\/blog\/wp-json\/wp\/v2\/categories?post=2495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rnm.in\/blog\/wp-json\/wp\/v2\/tags?post=2495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}