GST Updates

The Central Board of Indirect Taxes and Customs is considering a centralized GST registration system under one PAN.
- The facility was discontinued after GST was rolled out in July 2017, requiring businesses to obtain separate GST registrations in every state where they operate.
- A key accused in a ₹25-crore fake ITC scam has been arrested in Siliguri.
- The US has set a 50% tariff on some Canadian goods in retaliation, with no exemptions for products under the existing North American Free Trade Agreement.
- The Louisiana economy has grown faster than the US economy, driven by the total value of goods and services produced.
- The UAE Federal Tax Authority has issued new compliance requirements for QFZPs, including additional documentation for goods or materials in or from a Designated Zone.