VAT news tagged as "GST"

India

India extends Sept GST return deadline

October 21st, 2018

India has extended by 5 days the deadline for the filing of September’s Goods and Services Tax return. The new filing deadline for the GSTR-3B return and the Input Tax Credit is 25th October 2018. The regular GSTR-3B filing deadline is the 20th of the month following the reporting month. It is required of all …


India

India GST one year on

August 20th, 2018

It is now one year since the overhaul of India’s complex and overlapping indirect tax regime, and the introduction of a Goods and Services Tax (GST). The new unified indirect tax was designed to simplify compliance, and end large-scale double and compounding tax for business which was stifling the manufacturing sector. Good start; more progress …


Malaysia

Malaysia scraps GST June 2018

May 16th, 2018

The new Prime Minister of Malaysia has committed to withdrawing the 6% Goods and Services Tax, setting it at zero from 1 June 2018. It will be replaced by a more limited Sales and Services Levy – a sales tax. PM Mahathir Mohamad has promised to withdraw the consumption tax, which was only introduced in April …


Australia

Australia GST on e-commerce 1 July 2018

April 26th, 2018

From 1 July 2018, 10% GST is due on all goods sold by foreign online retailers to Australian consumers. Once the non-resident e-merchant sales more than AUS$75,000 per annum, they must GST register with the Australian authorities, file and pay any tax due. It is estimated that over 3,000 foreign companies will have to register for …


Guam

Guam 2% General Sales Tax 2019

April 2nd, 2018

Guam is to launch a 2% General Sales Tax on the provision of goods and services from 1 January 2019. Financial Services will be exempted from the new consumption tax.


Malaysia

Malaysia 2018 GST changes

January 2nd, 2018

The Malaysian 2018 Budget introduced a number changes to the Goods and Services Tax regime. These include: Reclassifying the sale of newspapers, journals and books as nil-rated Exempting local government services from GST Exempting from GST management and maintenance services for certain housing development. The above changes came into effect on 1 January 2018.


Canada

Canada GST changes

September 14th, 2017

Canada has made a number of proposals to change its Goods and Services Tax (inc Harmonised Sales Tax), including: Extend the GST liability to limited partnership investments Update GST rules on drop shipments Update the rules on GST for public transit services Modify pensions liable to GST to include those using master trust or corporations …


India

India first GST returns due 20 September

August 1st, 2017

Following the 1 July launch of India’s new Goods and Services Tax regime, the first monthly returns become due shortly. Almost 8 million businesses will be required to file. Generally, the three-stage GST process should be completed by the 20th of the month following the month of transactions. However, the first filing, due 20th August, …


Singapore

Singapore 7% GST e-services review

July 19th, 2017

Singapore is reviewing introducing the obligation for non-resident providers of goods and electronic services consumers to charge 7% Goods and Services Tax (GST). GST is now the country’s second major tax, and there has been an increasing reliance on indirect taxes.  In line with this, the government is eager to ensure the burgeoning e-commerce market …


India

India Kashmir joins GST launch

July 13th, 2017

The last of the 29 Indian states to implement GST, Jammu and Kashmir, approved the introduction of the new consumption tax one week after the national launch. Kashmir has its own constitution, so was permitted to miss the 1 July launch of the new Goods & Services Tax.  GST has consolidated over 20 sales taxes, …