Talks talks progress on consolidating 12% & 5% Goods and Services Tax slabs India’s Finance Minister, Nirmala Sitharaman, has confirmed 8th March 2025 that talks started last September on rationalising Goods and Services Tax ‘slabs’ or rates are in their final stages. The aim is
5% Federal Goods & Services Tax removed for two months There is a temporary GST/HST break on certain items from December 14, 2024, to February 15, 2025. Sales tax holidays are specific periods during which certain purchases are exempt from state or local sales taxes. These holidays are
India 55th Goods & Services Tax Council Meeting Summary of Recommendations The 55th GST Council – which oversees operations and reforms of the indirect tax – convened in Jaisalmer, Rajasthan, on December 21, 2024, under the chairpersonship of Union Finance Minister Smt. Nirmala Sitharaman. The meeting
January 2027 proposed introduction of Goods and Services Tax A plan for the launch of 5% GST to Guernsey and Alderney in 2027 are to be developed following the November 2024 rejection of imposing an income tax rise are rejected. The islands Policy and Resources
E-invoicing 30-day reporting threshold cut April 2025 India’s GST Council, which overseas the national e-invoicing regime, is cutting the threshold on the 30-day reporting requirement to its portal, the Invoice Registration Portal (IRP). From 1 April 2025, any business subject to Indian e-invoicing with a
Malaysian Ministry of Finance 2025 Budget Proposal On October 18, 2024, the Malaysian Ministry of Finance presented its 2025 Budget Speech, introducing several notable changes to the country’s tax regime aimed at broadening the tax base and enhancing revenue collection. These proposals reflect Malaysia’s ongoing
2025 Budget unlikely to announce reimplementing GST to replace Sales and Services Taxes Rumours of an announcement at this week’s 2025 Budget of the reintroduction of Goods and Services Tax have been played down by prime minister Datuk Seri Anwar Ibrahim. He said on 13
Calls for major reforms: Rate rationalisation; dispute resolution; input tax credits India’s Goods and Services Tax is up for reform.GST was implemented in July 2017, and gave the country’s internal market a major boost be simplifying internal trade by removing complex and overlapping multitude of
