India’s unified Goods and Services Tax (GST) integrates several central and state taxes with the goal of making business easier to conduct.
India’s GST is one of the world’s most complex laws of its kind and includes the world’s second highest tax rate, according to the World Bank’s bi-annual India Development Update. Under the GST Act 2017, any “person” who engages in economic activity including trade and commerce is treated as a taxable person; this includes charitable organizations. GST is regulated by the Ministry of Finance.
This FAQ answers some of the most common questions about the GST, with a focus on nonprofits.
More information about the GST can be found in our India Philanthropy Law Report.