A Guide to VAT/GST/SUT in the Americas 2020


This Indirect Tax Guidance of 21 Countries in the Americas shows the new updates and reforms from the following countries:

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India: GST Council extends date for filing annual returns and reconciliation statement, introduces measures to address consequences for non-filing of returns and fraudulent ITC


The major decisions* taken by the GST Council in its thirty eighth meeting1 are summarised below.Read More »

India – Webinar on the proposed GST e-invoicing system – 14 August 2019


The e-invoicing system is proposed to be the next big change in the GST regime, and the Government seems to be working actively on the same. The introduction of such an e-invoicing system would trigger changes in various requirements from a compliance perspective as well as an update of IT systems.Read More »

NEW ZEALAND: Proposed changes in Goods and Services Tax for telecommunications


The New Zealand Government has proposed to make changes to the goods and services tax (GST) telecommunications rules. The move is designed to bring New Zealand into line with OECD and international trends in relation to the provision of telecommunications services with focus on the customer’s usual place of residence. The Minister’s release (on 17 May 2019) and the officials’ issues paper can be viewed here.Read More »

INDIA: GST proposal for residential real estate


The Government has recently issued multiple implementing notifications, which have come into effect on 1 April 2019. The notifications provide the conditions and computational mechanics of charging lower rates of GST on under-construction residential real estate. One key aspect of this change is the option given to existing projects to either adopt the new rate structure or continue with the incumbent framework. As the conditions/ computational mechanics are fairly complex and need to be dealt with carefully for effective compliance, they are expected to pose a challenge to the industry.Read More »

INDIA: News on Trade and Taxes


Trade war reaches Indian shores

USA recently partially revoked concessional tariffs offered under the Generalised System of Preferences (GSP) to less developed and developing countries. GSP, described as USA’s oldest and largest trade preference program (of which India was the largest beneficiary), revoked concessional customs duties offered on approximately 90 items.Read More »

SINGAPORE: Customer accounting for prescribed goods


From 1 January 2019, customer accounting is applicable to a relevant supply of prescribed goods exceeding $10,000 made by a GST-registered supplier to a GST-registered customer.

The prescribed goods are mobile phones, memory cards and off-the-self software.Read More »

India: GST latest update


What has happend the last two weeks regarding GST? Find out more about the Supreme Court of India, draft of simpliefied formats of GST returns, different figures and numbers of GST and what to expect in the near future.Read More »

Australia – GST on Low Value Goods – Commencing from 1 July 2018


You are no doubt aware that in just ​a couple of days (1 July 2018) the new Australian low value goods import laws are coming into force.

Who is Affected?

​​Any business that meets the AUD $75,000 registration threshold and ​sells low value goods​ (under $1000)​ into Australia to ​​consumers will be affected.Read More »

Australia – GST on low value goods as from 1st of July 2018


From 1 July 2018 Australian goods and services tax (GST) will apply to sales of low value goods sold to consumers in Australia. Businesses that meet the A$75,000 registration threshold will need to register for GST, charge GST on relevant sales and remit the GST to us by lodging returns.Read More »