India to introduce Goods and Services tax

31 August 2016

This month the Indian government approved a bill to implement a new Goods and Services Tax (GST).  GST is a broad-based tax that is applied on most goods or services consumed in a country and India will use this to replace a number of indirect taxes already in place including VAT and Service Tax.

It is hoped that by introducing this new tax it will boost the Indian economy and significantly reduce the administrative burden that the current vast range of taxes puts upon Indian businesses.  This change will likely be implemented in either 2017 or 2018.

LATEST NEWS

Separate EORI number for Northern Ireland required

HMRC have recently confirmed that businesses who import and export goods from Northern Ireland (NI) will need a special Economic Operator Identification Number...

SEE MORE
LATEST NEWS

Belgium force UK companies to engage a fiscal...

The Belgium tax authorities are contacting UK traders who hold a Belgium VAT account to inform them that they have a requirement to appoint a fiscal...

SEE MORE
LATEST NEWS

Fiscal representation not required in France for UK...

The French tax authorities have confirmed that UK businesses will not have a requirement to engage a fiscal representative when the Brexit transition period...

SEE MORE

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.