- India moves closer to single customs union with backing from states
- Constitutional amendment for uniform goods and services tax (GST) passed by Indian parliament
- GST will subsume federal and state levies, transforming India into one of the world’s largest single markets
- Odisha ratifies amendment, Finance Minister Arun Jaitley announces requisite support from states
- New sales tax expected to roll out from next April
- Federal and state legislatures must pass three laws setting rate and scope of GST before tax comes into effect
Source: reuters.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "India"
- CESTAT Rules Preloaded Software Must Be Included in Customs Valuation of Navigation Devices
- GST Council Eases Compliance: Credit Notes No Longer Tied to Invoices, Benefits FMCG Sector
- India’s GST Overhaul: Key Insights on October 2025 Tax Rate Changes and Implications
- FM Sitharaman Confirms GST Rate Cut Implementation on September 22, 2025
- Government Reduces GST Across Sectors, Prices to Drop from September 22, Boosting Consumer Demand
