Transformative Changes In Budget For D2C Sector

“The Union Budget 2024-2025 brings several transformative changes for the growing D2C sector. The reduction of the TDS rate for e-commerce operators from 1 percent to 0.1 percent likely to ease their financial burdens for e-commerce businesses. The proposed removal of angel tax is expected to be a game-changer for startups. Furthermore, the new eco policy framework has put spotlight on the development of tourism and regional growth in states like Bihar and Odisha.” Naina Parekh, Founder, EUME