Over 50% of the Indian states have now approved the implementation of the new Goods & Services Tax Bill. This means the legislation can now been approved by the President of the country. The final obstacle, setting a nation-wide GST rate, remains to be overcome. The should be resolved in November
Odisha was the 16th of the 31 Indian states to approve the Constitutional Amendment Bill. It took 23 days to reach this majority milestone, ahead of the scheduled 30 days.
Indian GST will replace a swath of indirect tax, including: VAT; CENVAT; Service Tax; excise duties; and Professional Tax. As well as simplifying bureaucracy, it will reduce the overlapping taxes which result in compounding taxes.
Latest Indian news
India extends Sept GST return deadline
October 21, 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...
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...
India confirms e-commerce withholding GST rates
September 26, 2018
India has confirmed the GST withholding rates for online marketplaces handling third party transactions. Tax Collected at Source (TCS) is a means of collecting income tax...
India has confirmed the GST withholding rates for online marketplaces handling third party transactions. Tax Collected at Source (TCS) is a means of collecting income tax...
India extends GST filing deadline
September 25, 2018
India has announced an extended deadline for the GSTR-1 return which lists taxable sales for each reporting period. It is generally due by the 10thof...
India has announced an extended deadline for the GSTR-1 return which lists taxable sales for each reporting period. It is generally due by the 10thof...
VP Global Indirect Tax
Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.