Goods & Service Tax (GST) 9 November 2026
GST and Tax News: Repeal, Liability Handbook, KYC Expansion
Recent developments span the Maldives' T‑GST repeal and flood impacts, India's ICAI release of a GST liability handbook covering mergers and transfers, and new online KYC options for NRIs from FATF‑compliant countries. Additional updates include a construction grant that excludes GST and a probe into Mumbai officials linked to cyber fraud.
- Maldives T‑GST repeal: The government has scrapped the T‑GST amid rough weather that flooded three homes in Haa Dhaal Nolhivaram. Details: Maldives Independent
- ICAI GST liability handbook: ICAI issued an updated guide clarifying GST responsibilities for business transfers, mergers, and death cases, extending beyond typical supplier‑recipient rules. Full article: CA Club India
- NRI online KYC: NRIs in the US, UK, UAE and other FATF‑compliant nations can now complete KYC digitally to invest in India. Read more: Economic Times
- Construction grant: Queensland’s $5,000 software grant for small builders is paid as a rebate and excludes GST, with eligibility rules that may disqualify the very smallest firms. Info: The Good Builder
- Mumbai cyber‑fraud probe: Twelve officials from the Income Tax, GST, and police departments are under an Enforcement Directorate investigation for allegedly helping cyber‑crooks unfreeze funds. Source: Mumbai Mirror
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