GST in different Countries

     Written by : SMTV24x7 | Thu, Jun 29, 2017, 03:07 PM

GST in different Countries

New Delhi, June 29: As India gears up to Biggest reform from July 1, 2017. Currently, GST/VAT is being implemented in 160 countries.

Let's have a look at how GST is implemented in the foreign countries.

USA: No GST is being implemented.States will more autonomy in taxation.

France: It implemented GST in 1954.

China: VAT is being implemented from 2016

Japan: currently it is 10 % and they will revise rates in 2019.

Malaysia: Implemented GST in 2015.

Newzealand: Introduced in 1986 and currently 15 % tax is being collected.

Singapore: Implemented from 1994.

Canada: Dual GST model is being implemented.

Finally, experts say that India has copied Canadian model.