India cuts GST ‘negative list’
December 9th, 2015
India has reduced the number of goods which would be classified as exempt from the proposed Goods & Services Tax. The goods include many basic foodstuffs, including: coffee; tea; biscuits and medicines. These are currently exempt from Excise Duty, and are listed on the exhaustive ‘negative’ list which details over 300 exempt supplies. It is …
