LatestGoods & Service Tax (GST) 17 July 2026
Tax Updates
Recent tax developments include changes to GST rates, assessments, and refunds. India's GST refund rules have been updated, while Illinois has increased toll and sales tax rates. The EU has removed tariffs on US industrial goods, and Madras HC has explained GST officer powers. Kerala BJP reacts to fake GST bill row, and the UK is urged to prioritize tax administration and VAT reform.
Recent tax changes are affecting businesses worldwide.
- The Indian government has updated its GST refund rules.
- Illinois has increased toll and sales tax rates, with a 1.25% rate on general merchandise in Cook County.
- The EU has removed tariffs on US industrial goods and some agricultural products, including services tax on American companies.
- The Madras HC has explained that GST officers can issue a fraud notice without proof in certain cases.
- A Kerala BJP leader has alleged that a fake GST bill was generated using his venture's GST number.
- The UK is urged to prioritize tax administration and VAT reform, including eliminating reduced VAT rates.
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