VAT news tagged as "GST laws"

Worldwide

Global VAT changes 1 July 2018

July 1st, 2018

Below is a summary of major VAT and GST changes that come into effect on 1 July 2018: Australia drops GST-free levy on small goods, and requires non-resident e-commerce companies to register if over the threshold of AU$ 75,000 per annum Bahamas raises VAT to 12% The introduction of Polish Split Payments Hungary introduces live …


India

India GST flaws may force early reform

February 11th, 2018

The Indian Goods and Services Tax Council may in early March consider simplifying the new, complex Goods and Services Tax (GST) filing requirements in the face of IT difficulties. GST was introduced to India in July 2017, replacing a labyrinth of complex and overlapping indirect taxes. Its aim was to reduce compliance, tax fraud and …


India

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 …