26.06.2017

India Delays First Filing.

India Delay

India's First GST Filing Delayed.

The Indian Central Government has confirmed that the deadline for the first returns under the new Goods and Services Tax (GST) regime will be delayed by one month.

The new regime will launch July 1st and will be the biggest tax reform since Independence. GST will subsume a large number of central and state taxes into a single tax, paving the way for a common national market. It is estimated that GST could raise GDP by 1.5-2 % in the long term.

If you have any queries on the new regime or you are worried that your business is not prepared, please contact our VAT Consulting team for free bespoke advice.

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We know that Indirect taxes such as VAT and GST can have a huge effect on your business. As VAT rates change sporadically keeping yourself informed can be difficult.  Compliance is always crucial. That’s why our Indirect Tax Experts share their hand-picked news stories every day that you need to know. From breaking news to VAT changes and new EU legislation. We know that relevant information means better decision making. We aim to be your number 1 source for VAT and GST news.

Should you wish to discuss this or if you would like further information, please contact us by:

  +353 56 778 34 00      

  vat@taxbackinternational.com 

    

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