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The state of Jammu and Kashmir has adopted India's goods and services tax, seven days after it was rolled out across the rest of the nation. Read Full Story
The Indian Ministry of Finance announced on June 21 that just one Indian state, Jammu and Kashmir, still needs to approve the State Goods and Services Tax Act ahead of the nationwide roll-out of GST from July 1 Read Full Story
Speaking on May 30, India's Revenue Secretary confirmed once more that the long-anticipated goods and services tax (GST) will be introduced as planned on July 1. Read Full Story
The Indian Government has said that 4.85 million taxpayers have been enrolled to use India's goods and services tax portal, the GST Network (GSTN). Read Full Story
India's Finance Minister, Arun Jaitley, says that India is likely to have its Goods and Services Tax regime in place by July, after approval from the GST Council of federal-level legislation. Read Full Story
The Indian Government needs more time to reach a consensus on remaining goods and services tax issues and put in place the necessary frameworks for the regime to succeed, Arun Jaitley, the Finance Minister, has said, pushing forward implementation to July.Read Full Story
In an effort to "guide reasonable consumption and promote energy conservation," China's State Council has approved a consumption tax on the retail value of ultra-luxury imported cars, such as Ferrari and Rolls-Royce cars. Read Full Story
To boost domestic sales and economic growth, China's State Council has approved the elimination or reduction of consumption tax on cosmetic products. Read Full Story
With the Constitutional Amendment Bill to introduce goods and services tax now ratified, the Indian Government has announced the formation of the GST Council, which will meet for the first time on September 22. Read Full Story
Taiwan's luxury tax on the sale of properties, which is to be replaced by a new property capital gains tax from January 1, 2016, has failed to yield the expected revenue since it was imposed in June 2011. Read Full Story
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