Jan 2023 published lowering of e-invoicing threshold will not go ahead; threshold remains ₹10 per annum The Indian Central Board of Indirect Taxes and Customs (CBIC) has refuted reports of a cut to the annual sales threshold for clearing e-invoices to ₹5 per annum for 1
Gross Revenue Tax to be replaced by Goods and Services Tax 2023 The Pacific island state of Palau is to introduce a Goods and Services Tax (GST) from 1 January 2023. The new indirect tax system will be based on the broad-based Australian GST regime.
Guernsey to decide on implementation of Goods & Services Tax The Channel Island of Guernsey is considering implementing a Goods and Services Tax. There is a debate on the introduction of GST in the States of Guernsey, the parliament, on 23 January 2023. A Policy
Latest threshold drop brings thousands more taxpayers into electronic invoicing requirements From 1 January 2023, the next round of Indian taxpayers obliged to digitally authenticate sales invoices with the GST Invoice Registration Portal operated by the GST Network. The annual sales threshold for clearing e-invoices
Inflation rise above 10% prompts consideration of temporary zero-rating of basic foods The Jersey Assembly is to review a Bill to temporarily reduce the 5% Goods and Services Tax on basic foodstuffs to zero. This would exclude alcoholic beverages. Get our free VAT newsletter for
Further drop in annual sales threshold for India GST payers to adopt electronic invoicing The government has approved a new cut in the annual sales threshold to ₹10 crore (approx.$120 million per annum) for taxpayers mandated to adopt Indian e-invoicing. This will come into effect
The Caribbean British territory of Anguilla has introduced a 13% Goods and Services Tax (GST) on 1 July 2022. Mandated business may now register if they are above the GST registration thresholds (see below). Introducing a full consumption tax has been debated many times over
GST state compensation ends tonight in deadlock; rate rises and removal of exemptions on certain supplies despite inflationary worries The July meeting of the Goods and Services Tax Council meeting approved rate rises on a range of supplies, plus the removal of some exemptions from the
Government still evaluating reintroduction of Goods and Services Tax to replace Sales and Services Tax Malaysia is again facing calls to reintroduce a Goods and Services Tax to replace its turnover-based Sales and Services Taxes. GST was first introduced in April 2015 to replace SST,
