LatestGoods & Service Tax (GST) 12 November 2026
SST Tweaks and GST Stance Shape Asia Tax Landscape
Malaysia's prime minister announced targeted SST tweaks to fix double‑tax issues and ruled out a GST return, calling the choice macro‑economic, not political. In India, direct tax collections rose 11.76% to 14.42 lakh crore and Tamil Nadu changed its GST law to drop refund thresholds and speed up exporter claims.
Key tax developments across Malaysia and India:
- [PM: SST improvements possible, GST ruled out](https://www.nst.com.my/news/nation/2026/11/1576006/pm-sst-improvements-possible-gst-ruled-out) – The Malaysian government will adjust the SST to avoid double taxation and confirms no GST reintroduction.
- [India direct tax collections surge 11.76%](https://www.caclubindia.com/news/direct-tax-collections-rise-11-76-to-rs-14-42-lakh-crore-as-on-10th-nov-2026-26950.asp) – Collections hit 14.42 lakh crore by Nov 10, driven by higher corporate and personal taxes.
- [Tamil Nadu amends GST to speed refunds](https://www.caclubindia.com/news/tamil-nadu-amends-gst-act-from-1st-november-2026-to-speed-up-refunds-26949.asp) – New rules remove minimum refund thresholds for exported goods, helping exporters get cash faster.
- [Malaysia rejects GST politically](https://www.nst.com.my/news/nation/2026/11/1575969/gst-reintroduction-not-political-decision-anwar) – Finance minister Anwar says staying with SST is a macro‑economic decision, not a political one.
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