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India moves towards GST Bill in the Autumn

  • VAT
  • 08 August 2014 | Richard Asquith

India moves towards GST Bill in the Autumn

India is hopeful of introducing a much-anticipated Goods & Services (GST) introduction Bill this winter. It is hoped that consensus will be reached with the 29 States by late September, paving the way for the introduction of a Bill before the year end.

The have been many attempts to reform the creaking Indian VAT system, which includes many overlapping VAT, CENVAT, Service Tax and Central Service Tax CST. The principle blockage is now compensation for the loss of tax on petroleum-related goods to the States.

It is estimated that a properly functioning GST regime, similar to the EU VAT system, could raise India’s GDP by over 1%.  By contrast, Malaysian GST and Chinese VAT reform is well advanced.


VP Global Indirect Tax
Richard Asquith
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.