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Smarter VAT Solutions

With our blog we’ll keep you up to date on the latest happenings in the VAT area as well as our point of view on different legislative initiatives. Here we will share our opinion on new concepts and developments in the industry.

09.06.2017

India Pressing Ahead With July 1st Implementation, despite feedback that businesses are not ready!

India

India GST: July 1st Implementation

 

The GST council of India is pressing ahead with July 1st go-live, having taken many years to get agreement to this point.

Feedback from businesses are that they are still not fully prepared and would like to see the go live date pushed out however the Indian Government has committed once more to 1st July.

Returns will be filed online via the GSTN, and will require businesses to make several rate changes from the former VAT, CENVAT regimes. It is estimated that billions of transactions will be required to be processed on a monthly basis – and non-compliancy will be systematically flagged.

Businesses must ensure they have validated their supply-chain and the Tax impact under the GST rules.

 

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.

 

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:

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