Threat of US reciprocal tariffs leads to likely removal of ‘Google Tax’ from 1 April 2025 India is likely to withdraw its 6% Equalisation Levy from 1 April 2025. The charge, introduced in 2016, applies to B2B online advertising revenues made by offshore providers. This
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
Summary of The Finance Bill 2025 and Amendments to the CGST Act The Finance Bill 2025, submitted on 1 February, contains a number of changes to the Goods & Services Tax (GST) regime. These changes aim to simplify tax compliance, streamline tax treatment for specific transactions,
175 countries have implemented VAT or GST – January 2025 Since the first introduction of a Value Added Tax in France in 1954, it has now been adopted by 175 countries around the world. The latest is Guinea-Bissau, implementing VAT on 1 January 2025. You
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
