GST Outside India An Analysis

Abstract

Malaysia is a country that recently underwent GST from 1 April 2015, the current government announced the schedule for the introduction of GST in India until 1 April 2016. The country introduced VAT / GST for existing tax systems and for various reasons in the European Union. Other reasons to adopt the EU (EU) to replace sales tax due to the convenience of cross-border transactions, promotion of common market development and trade and economic disruptions

VAT / GST had to reduce income tax by increasing the income from general consumption. Another reason for profit-neutral access was (Norway, New Zealand, etc.). Other countries have moved to VAT / GST, where multiple sales taxes consolidate and modernize other existing tax rate structures.