In the 28th and latest meeting of India’s Goods and Services Tax (GST) Council the previously approved basic simplification proposals have been elaborated upon and clarified.
Tag - India
In the latest meeting of India’s Goods and Services Tax (GST) Council on May 4th plans were approved to simplify GST filing obligations.
Small businesses in India have said they are struggling to comply with the new goods and services tax (GST), which was introduced after more than a decade of negotiations on July 1st 2017.
As previously discussed, from 1st July 2017 businesses with a turnover exceeding INR 2m (approx. EUR 27,000) will be required to register for the new Goods and Services Tax (GST).
As we have been reporting the goods and services tax (GST) will be introduced in India on July 1st. In their latest meeting the GST Council have cut the rate on household goods and other essential items, increased the threshold for compliance requirements in certain sectors and approved a key set of rules relating to audits and accounts.
Further to last week's news India's Revenue Secretary confirmed once more that the long-anticipated goods and services tax (GST) will be introduced as planned on July 1st 2017.
Ahead of the planned implementation of the national goods and service tax (GST) on July 1st 2017 more details have been emerging from India...
India's President, Pranab Mukherjee, has approved legislation for the introduction of goods and services tax from July 1...
A draft law introducing goods and service tax (GST) was released for stakeholders’ comments last week by the Indian Finance Ministry...