Indian GST - Rates & Registration

What you need to know

The indirect tax system operating in India is extremely complex, with a number of different taxes applicable across the various states. These are VAT, CMS, and service tax. GST is due to be introduced in 2017.

Note that if certain supplies of services are made by a non-established supplier, GST will be remitted by the customer

The application of the taxes and compliance obligations for businesses largely depend on the nature of transactions, along with the state, and status of the customer.

Indirect taxes are due upon the importation of goods into India.

A non-established business would need to register through a local representative).

VAT registration thresholds are dependent on State

Filing-Period

  • VAT returns: Monthly – Returns due on 15th of month following the end of period
  • ‍Service tax: Half yearly – Filings due on 25th of month following the end of period.

Indian GST - Rates & Thresholds

Rates

12% - 15%

(Standard)

15% Service Tax

(Reduced)

Tax Type

VAT, Service Tax

Registration Threshold

N/A

Rates

Tax Type

Registration Threshold

12% - 15%

(Standard)

15% Service Tax

(Reduced)

VAT, Service Tax

N/A