VAT news tagged as "Goods and Services Tax"


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 hits 50% state approval

September 1st, 2016

Over 50% of the Indian states have now approved the implementation of the new Goods & Services Tax Bill. This means the legislation can now been approved by the President of the country. The final obstacle, setting a nation-wide GST rate, remains to be overcome.  The should be resolved in November Odisha was the 16th …


Indian GST risks for tech

August 18th, 2016

This month, the Indian Parliament approved the constitutional amendment to enable the implementation of a new Goods & Services Tax (GST). GST will replace a plethora of indirect taxes, including CENVAT, VAT and Service Tax. This includes the withdrawal of multiple taxation of the same movement of goods across internal state borders. It is anticipated …


India approves GST

August 3rd, 2016

India ratifies new Goods & Services Tax to boost growth India’s Upper House, the Raiya Sabha, today (Wednesday 3 Aug) initiated the most important tax reform in the country’s modern history by passing the implementation Bill for a new Goods & Services Tax (GST). . However, the contentious issue of a rate …


India GST launch opposition

June 4th, 2016

India’s opposition, the Congress party, continues to block the passage of the Goods and Services Tax (GST) bill. GST will replace a range of indirect taxes, including: CENVAT; VAT; Professional Tax; and Service Tax. Many of these taxes overlap, are complex and expensive to comply with and result in double taxation on the movement of …