Tax & Accounting Blog

India GST is nearing the homestretch

India GST is nearing the homestretch

Last summer India’s Parliament finally approved the Constitutional Amendment Bill. With that out of the way, India will now have to sort out five enabling laws—the CGST Bill, SGST Bill, IGST Bill, UTGST Bill and Compensation Bill. These five laws appear to be the final hurdles before GST can be implemented. The SGST Bill will need the approval of … Read More

EU and the Possible Application of a Generalised Reverse Charge Mechanism

EU and the Possible Application of a Generalised Reverse Charge Mechanism

The European Commission has recently adopted a proposal for a Council Directive which aims to amend the VAT Directive, introducing on temporary basis a generalised reverse charge mechanism (GRCM) for the supply of goods and services above a certain threshold. The adoption of this measure is important for the Commission, as large amounts of … Read More

Our New User Experience Showcased in the Cloud

Our New User Experience Showcased in the Cloud

The Thomson Reuters ONESOURCE™ Indirect Tax Product Management team has been writing lately about the many different aspects of the cloud.  In collaboration with our marketing department we recently published an excellent whitepaper titled, “Why Cloud? Why Now”. If you’d like to read it, you can download it here.  We have also been hard … Read More