- Replace special commodity levy on imported coconut and palm oils with VAT and SSCL from April 2026.
- Lower VAT and SSCL registration threshold to 36 million rupees annual turnover from April 1, 2026.
- Remove 100 rupee per kg CESS on imported fabric and impose VAT from April 1, 2026.
- Apply telecommunications levy to bad debt incurred by telecom providers.
- Enable tax authorities to exchange AML/CFT information and implement a national electronic VAT invoicing system.
Source: news.bloombergtax.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.
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