LatestGoods & Service Tax (GST) 30 September 2026
Global GST and Tax Updates Across Industries
Key tax moves this week: New Zealand simplifies motor‑vehicle FBT calculations; India’s GST appellate upholds a ₹4.6 crore ITC reversal for Aurobindo Pharma; a $23 billion GST pork deal strains Australian states. Gujarat seeks longer GST filing deadlines, Jammu‑Kashmir passes new GST and pension bills, Israel’s fuel tax pushes gasoline to NIS 8.27/L, Toyota’s global sales slip again, and Alberta’s split raises economic concerns.
- NZ motor‑vehicle FBT reform: A new formula removes GST‑inclusive cost and private‑use calculations, simplifying reporting. (Read more)
- India GST appellate ruling: The Telangana authority upheld a demand to reverse a ₹4.6 crore excess input tax credit claimed by Aurobindo Pharma. (Read more)
- Australian GST pork deal: A GST arrangement in Western Australia has cost nearly $23 billion, leaving other states financially strained. (Read more)
- Gujarat filing deadline request: The Gujarat Chamber of Commerce and Industry asks Finance Minister Nirmala Sitharaman to extend GST return filing deadlines. (Read more)
- J&K legislative action: Jammu and Kashmir passed bills on EoDB, GST and pensions, aiming to boost the state's economy. (Read more)
- Israel fuel tax surge: Gasoline prices hit a record NIS 8.27 per litre as the government’s excise tax rises. (Read more)
- Toyota sales dip: Global production and sales fell for the second month in August, reflecting broader auto‑industry slowdown. (Read more)
- Alberta split warning: Calgary’s Chamber warns the province’s split could hurt the economy, citing Alberta’s low‑tax advantage. (Read more)
- NDC climate paper: The discussion paper notes GST and biennial transparency reports are shaping national climate planning. (Read more)
- Augusta budget pressures: Municipal costs rise 41%, pushing the city to reconsider tax initiatives in its 2027 budget. (Read more)
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