New Delhi: The Ministry of Finance has asked trade and industry associations for suggestions on direct and indirect taxes and legislative changes to reduce budget compliance for the period 2024-2025.

The suggestions must be sent to the ministry by June 17 and the full 2024-2025 budget is expected to be presented in Parliament in the second half of July. The suggestions could include changes in excise duty structure, rates and ideas on broadening the tax base for both direct and indirect taxes, providing economic justification for the same, the ministry said.