Michaela Merz


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India – Government removes requirement of payment of GST on advances received for supply of goods and allows manual filing of refund applications


The CBEC has issued notification nos. 55-66/2017-Central Tax, Circular no. 16/16/2017-GST, 17/17/2017-GST and order no. 9-10/2017-GST, all dated 15 November, 2017. While majority of the amendments give effect to the changes announced in the 23rd GST Council meeting, there are a few other significant relaxations, Continue reading


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India – Is your business GST compliant? – invitation to a webcast


Finally, the much awaited GST has been rolled out. It is a big step forward for the country, and is one of the most complex GST rollouts worldwide.

However, the big question that lies ahead of us is: Are we ready to comply with GST? Continue reading


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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


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India Indirect Tax – GST Council approves rate structure and rules relating to return and transition


The indian Government is confident of 01 July as the roll out date. It finalises rules relating to return and transition provisions and approves the rate structure on goods and services which were not decided earlier. Continue reading


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India – The Government is still aiming to pass the GST laws till 16 of December


358699_web_r_b_by_dieter-schutz_pixelio-deEven though no progress was made in the last GST Council meeting on 2 and 3 December 2016, last month had seen substantial developments on the GST front. Few of these have been summarised below for reference:

(i) Rates decided

In the meeting held on 3 November 2016, a multi-tiered GST rate structure was finalised as under: Continue reading


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PwC Webcast – India’s New Indirect Tax Levy on B2B and B2C Digital Supplies


webcast-indiaAs part of the changes to India’s tax landscape and in alignment with BEPS Action Paper on the Digital economy (eCommerce, internet businesses, etc), the Government of India has made certain key amendments to the Indirect tax law as applicable to B2B and B2C Online as well as eCommerce companies. Continue reading


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Introduction of GST in India – less than 6 months


Photo_RGB_P_50.jpgGST will be introduced in India on 1 April 2017, will you be ready? Please join our partners from our indirect tax practice in India, Pratik Jain and Denis McCarthy with our international indirect tax specialist from London, John Shuker to discuss the latest developments on the introduction of GST in India. Continue reading