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.
Essentia Global Services – European / International / Global vat tax compliance consultants and management agents.
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We are specialists in global indirect tax management. We help businesses to manage their worldwide compliance with respect to VAT/GST and similar taxes, effectively and economically. Essentia Global Services – European / International / Global vat tax compliance consultants and management agents. Essentia also provides VAT Training Courses and an EU VAT Number Lookup Platform. VAT Global Management & International VAT Registration.