India attempts GST settlement
- Dec 10, 2016 | Richard Asquith
Today’s meeting of the GST Council will seek to close the two outstanding blockers to the roll out of GST in April 2017.
The Council is made-up of representatives from the Centre and 16 states. The two key issues are:
- Agreement on the 3 implementation laws: Goods and Services Tax; Integrated GST; and Compensation for States
- Agreement on the ‘assessee jurisdiction’, which governs which state levies and collects the new tax
GST will replace a complex, multi-tax regime that holds back the development of intra-state trade and growth of a manufacturing sector. It is estimated that it could add 2% to annual growth rates.
India GST news
Total results : 4
avalara:content-tags/asset-type/blog-post,avalara:content-tags/location/world/apac/india,avalara:content-tags/tax-type/gst,avalara:content-tags/primary-blog-tags/vatlive/location/asia/india
Jan-11-2023
Union vs non-Union OSS: what’s the difference?
avalara:content-tags/asset-type/blog-post,avalara:content-tags/location/world/apac/india,avalara:content-tags/tax-type/gst,avalara:content-tags/primary-blog-tags/vatlive/location/asia/india
May-31-2022
US 2021 sales tax updates for foreign businesses
avalara:content-tags/asset-type/blog-post,avalara:content-tags/location/world/apac/india,avalara:content-tags/tax-type/gst,avalara:content-tags/primary-blog-tags/vatlive/location/asia/india
May-31-2022
Norway extends reduced VAT cut
VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax
Richard Asquith
Richard Asquith is the former VP Global Indirect Tax at Avalara