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Articles, tagged with "goods and services tax", page 1

08th December 2011

Goods and Services Tax (Malaysia)

Goods and Services Tax in Malaysia may be implemented by the Malaysian Government somewhere in the third Quarter of 2011. 4% GST will replace the current sales and service tax currently levied at rates between 5% and 10%.Companies with revenue RM 500,000 ...

06th December 2011


In Canada Goods and Services Tax (GST) is a multi-level value added tax introduced on January 1, 1991, by Prime Minister Brian Mulroney and Finance Minister Michael Wilson. The GST replaced a hidden 13.5% Manufacturers’ Sales Tax (MST); Mulroney claimed t...

11th November 2011


The scheme of GST should be supported by a strong tax-administration infrastructure for it’s optimum success. Without an efficient tax-administration the implementation of goods and services tax will be just like pouring water in the bottomless bowl. So, ...

04th November 2011


GST is a destination based consumption tax. Consumption taxes are regressive in nature. It increases the gap between the rich and the poor. The pertinent point is whether such tax would be fruitful for the economy as a whole or not? Is it not so that shif...

16th February 2011

Can petroleum products forms part of GST?

By Atul in Taxes
In our previous article we discussed about the Orissa’s demand to keep coal royalty out of the purview of the Goods and Service Tax (GST). That Orissa came out with a demand to keep coal royalty out of the purview of the Goods and Service Tax (GST). If it...

26th January 2011

Can This New Year Bring Consensus

Just like all other years, year 2010 had also passed. We all would recall this year for different reasons and at different points of time in our life but our Finance Minister would definitely recall this and that too for an important reason i.e. Goods and...

18th January 2011

No Reduction In The Intensity Of GST Work

By Atul in Taxes
As the future of the Goods and Services Tax is still uncertain in India but our efforts to elaborate the broader concept of “GST” will continue in the same manner. Even after facing such a huge setback on major issues such as GST structure, Constitutional...

13th January 2011


Finally the Finance Minister Mr. Pranab Mukherjee speaks about the future of the Goods and Service Tax and the words spoken by him were not surprising at all. GST is unlikely to be implemented from the scheduled date of April 1, 2011. Now he is looking...

07th January 2011


The idea of dropping the most quarrelsome issue of Constitutional Amendment from the recently concluded meeting of the Empowered Committee of the State Finance Ministers didn’t work well for the Government as it also failed to provide any fruitful results...

24th November 2010

Singapore GST Services: About GST

Goods and Services Tax (GST) is applied almost similarly to Value Added Tax (VAT) in most countries. It was implemented on April 1, 1994 in Singapore and was used as a guide on the UK VAT legislation and New Zealand legislation. Goods and Services Tax...

26th March 2010

Smuggling and Evasion of VAT: Getting Around Tax Laws and Customs

The act of smuggling is all about the importing and exporting of foreign products without authorization from the government, which controls customers and the boarders of each country. Smuggling is a means of avoiding having to pay for customs duties, whic...

22nd March 2010

Outsourcing Tax Return Preparation: Outsource Your Tax Return Burden

Axs Online Pvt. Ltd. is a reputed company, providing outsourcing tax return preparation. We also render outsourcing accounting and bookkeeping in a very affordable cost to CPA firms as well as small, medium and large businesses from our offshore center in...

16th September 2009

Goods And Service Tax - A Consumption Based Destination Tax

V. Gangadharan The Goods and Service Tax (GST), a landmark in the history of tax reforms, after the implementation of VAT, has started its journey by the Finance Minister's public endorsement of the dual GST model. The dual GST model will comprise o...

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