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 …


India sets GST rates

November 6th, 2016

India has set the following Goods and Services Tax (GST) rates ahead of the implementation of the new consumption tax in 2017: 0% (essentials) 5% (basic goods) 12% 18% (principle rate) 28% (luxury goods) The central CESS tax, of 2%, will remain on luxury goods. The relatively large number or rates and broad bands may …


India GST registration threshold Rs.20 lakh

September 23rd, 2016

The new Indian GST implementation Council has set the annual registration threshold at Rs. 20 lakh. Some more remote states will be permitted to set their Goods and Services Tax (GST) registration thresholds at Rs. 10 lakh. Any business providing taxable supplies below these annual thresholds would not be required to register for GST. GST …


India steps to GST implementation

September 15th, 2016

With the main India legislation now ratified for the implementation of a new Goods & Services Tax (GST), a number of steps must be undertaken before a roll out. These include: Establish a GST Council to review and conclude on launch details Resolving the overlap between the new Central, State and Integrated taxes Agree a …