VAT news tagged as "CESS"

India

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 …