Speak to an expert to get international VAT advice +44 (0) 203 713 3535
India
Country
India
Currency
INR
EU Member State
No
Standard VAT/GST rate
18%
Reduced VAT/GST rate
28% / 12% / 5% / 0%
VAT registration limit for established businesses
Yes. The registration limit is typically based on the goods/ services and the turnover of the assesse.
VAT registration limit for non-established businesses
No
VAT return filing periods
Monthly / Quarterly
Annual VAT returns
Yes
Additional reporting requirements
Yes
VAT recovery by non-established non-EU businesses
No
Reverse Charge
Yes
Fiscal representative required for non-EU businesses
In case the non-established business is liable to obtain registration, the non-established business would require a representative to obtain registration.
Statute of limitations
The statute of limitations under the Act in the case of submission of returns is one year from the end of the relevant tax year, and for assessment of returns filed is 33 months (45 months in case transfer pricing provisions are applicable) from the end of the relevant tax year for which the return is filed. The statute of limitations for reassessment ranges from five years to 17 years from the end of the relevant tax year.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.