gst in india  


VAT Service Tax India
Service Tax New Delhi
Central Excise and Service Tax
Service Tax Cenvat
Service Tax Exemption
Service Tax Tribunal

Justification of GST
Preparation for GST
Purchase Tax of GST
GST Rate Structure
VAT at the Central & State level
Goods & Services Tax Model For India
Central and State Taxes under GST
Special Industrial Area Scheme
Inter-State Transactions of Goods
Rules for CGST and SGST
Implementation of GST

GST NBFCs - Global practices

European Union

The European Council provides directives to its European Union States for the purpose of harmonization of their tax regulations. Based on such directives, the State legislate their own laws which govern the tax regime.

In this regard, the European Union Value Added Tax directives provide the tax regime on supply of goods and services. Under these directives certain financial services are provided with an exemption from tax4. Some key exemptions are:

  • granting and negotiation of credit
  • transactions concerning deposits and current accounts payments
  • debt transactions
  • transactions in shares, debentures and other securities, etc

Canada

The Canadian GST is a multi-level value-added tax introduced in Canada on January 1, 1991. The tax is charged on the sale of all goods and services, except certain essentials. Specific tax-exempt items include residential rents, health and dental care, educational services, daycare services, legal aid services and financial services.

 

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