India GST July launch doubts

April 19th, 2017

The current launch date of 1 July for Indian Goods and Services Tax is looking increasingly at risk. The risk of a delay till 1 September is now being publicly discussed. Approved GST legislation leave outstanding issues The key four GST legislative Bills have now been approved by the President on 12 April. GST guidelines …


India GST launch advances

April 1st, 2017

The lower house of the Indian parliament (Lok Sabha) has approved this week 4 key bills for the implementation of a new Goods and Services Tax on 1 July.  The bills include: The Central GST Bill The Integrated GST Bill The Union Territory GST Bill The GST Compensation Bill. A further law, the State GST …


India agrees GST laws for 1 July launch

March 4th, 2017

The Indian Goods and Services Tax Council approved today the key new law for the new Central GST and Integrated GST laws. This means the new consumption tax could be launched 1 July 2017. This follows the agreement this week on the draft compensation mechanism to ensure states are satisfactorily compensated for the replacement of …


India GST e-commerce dispute

February 7th, 2017

Major Indian online retail platforms are campaigning to change proposals to the new Goods and Services Tax regime due to come in later this year. Rivals Flipkart, Amazon and Snapdeal all claim that the Tax Collection at Source (TCS —Section 56) clause in the new GST regime, which requires marketplaces to withhold a % of …


India GST risks delay till Sept

January 15th, 2017

Plans for the implementation of a new Goods & Services Tax by April 2017 now look uncertain. The latest potential launch date looks likely to be set to September. Discussions between the Centre and the 29 states have stalled on the vexed question of dual control over the sharing of the tax to the taxable …


India attempts GST settlement

December 11th, 2016

Today’s meeting of the GST Council will seek to close the two outstanding blockers to the roll out of GST in April 2017. The Council is made-up of representatives from the Centre and 16 states. The two key issues are: Agreement on the 3 implementation laws: Goods and Services Tax; Integrated GST; and Compensation for …


India e-commerce GST withholding tax

November 28th, 2016

Indian e-commerce companies will face Tax Collected at Source (TCS) obligations on the new Goods and Services Tax regime due to launch in 2017. The rate could hit 2% on intra-state sales of goods and electronic services. TCS is an Indian income withholding tax collected from suppliers by Indian e-commerce companies – such as Snapdeal …


India GST negotiation battles

November 21st, 2016

In the run-up to the 2017 implementation of a Goods and Services Tax in India, the Centre government and States continue to fail to conclude key administrative terms. Currently, negotiations has stalled around whether the Centre or State administers the assessees, the taxable person responsible for paying the GST.  The States are looking to remain …


India 15% Service Tax on foreign e-services

November 17th, 2016

India is to impose 15% Service Tax on electronic services sold to Indian consumers by non-resident providers from 1 December 2016. Currently, only resident providers of such digital service are liable to the consumption tax. The taxable services include: streaming or downloads of music, video and games; e-books; cloud-based software; online advertising; subscription to membership …


India GST possible delay

November 11th, 2016

The Indian finance minister has hinted that the roll out of the new Goods and Services Tax (GST) may be delayed from April to September 2017. The new indirect tax was finally approved by the Parliament earlier this year after over 10 years of debate. It will replace a complex set of consumptions taxes, including …