Michaela Merz


Leave a comment

India – The Government reduces tax rate on 66 items, increases the composition limit from INR 5 million to INR 7.5 million, and finalises accounts and records rules


The Government reduces tax rate on 66 items, increases the composition limit from INR 5 million to INR 7.5 million, and finalises accounts and records rules.

In brief
At its sixteenth meeting, the GST Council decided to reduce the tax rates on 66 items out of the 133 items for which it had received representations. Continue reading


Leave a comment

PwC India Indirect Tax News Flash – Seventh and Eighth meetings of the GST Council


indien_dieter-schutz_pixelio-deSignificant progress has been made on the Goods and Services Tax (GST) front in the last two meetings of the GST Council (held on 22 and 23 December 2016, and 03 and 04 January 2017).

The draft Central GST, State GST and Integrated GST laws have been mostly finalised (except a few open areas) and have been sent to the Ministry of Law for review. Continue reading


Leave a comment

PwC Webcast: BEPS and VAT


Photo_R_RGB_SH14_D4_JA_5190.jpgI recommend our next webcast, 18 June 2015 focusing on BEPS and VAT

Topic to be presented:

Since the OECD’s Action Plan on BEPS was published in July 2013 with a view to addressing perceived flaws in international tax rules, the work under the Action Plan, backed by the G20 finance ministers, has progressed swifter than expected by many and has resulted in over 10 draft papers being published to date. Continue reading


Leave a comment

India – Implementation of GST by 1 of April 2016 is getting closer


The GST Constitutional Amendment Bill has been passed through clause by clause voting with the required 2/3rd majority in the Lok Sabha ( Lower House of Parliament) which in principle gives good perspective for the Upper House voting.The Finance Minister confirmed that the 1% additional tax on inter-state supplies will have no cascading effect. The Finance Minister highlighted that the GST would increase the revenue of the States and reiterated his promise that the Central Government would support the States in case of any revenue loss. Continue reading