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India to reassess Service Tax and Excise exemption in time for GST roll out

  • VAT
  • 16 February 2013 | Richard Asquith

India to reassess Service Tax and Excise exemption in time for GST roll out

With an eye on this month’s Indian budget, the tax authorities are looking at removing a number of exemptions from Indian Service Tax and Excise tax. This would put the goods under question in line for plans for the new Indian Goods & Services Tax regime, planned fro 2014.

The goods being reviewed for tax exemption include packaged foods and mobile telephones, which are either exempt or at reduced tax rates. The new GST rate could be 16%, and is set to replace a number of central and local state taxes.

The central and state authorities this month reached a crucial breakthrough on key issues on the implementation of GST (e.g. option for states to opt out), meaning the much delayed process can proceed.


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.