The Kiwi-connection in India’s biggest tax reform on GST
India’s biggest tax reform which is currently underway with the implementation of the Goods and Services Tax (GST) has now an official Kiwi-connection.
A group of high-level officers from the Ministry of Finance, Government of India were recently in New Zealand on a mutually educative program with an exposure to New Zealand’s tax system as a key goal of the program.
The High Commission of Indian in New Zealand and the India New Zealand Business Council (INZBC) – the premier body responsible for promoting trade between New Zealand and India were the two key facilitators of the program.
This visit was organised at the behest of the current Indian High Commissioner to New Zealand Sanjiv Kohli – a fact acknowledged and lauded by the Director, Revenue Dept., Government of India, who led the visiting delegation.
Gaurav Masaldan, Director, Revenue Dept., Government of India, said “We thank the Indian High Commission to organize this event. It was a wonderful experience”.
The Indian High Commission, along with INZBC and Accounts Icon, has hosted an event in Wellington, on July 20, 2017, in Wellington.
The delegation of officers spoke enthusiastically about the new GST environment in India.
Jay Changlani – a reputed New Zealand Tax expert and Wellington Chapter Head of the INZBC gave an overview of taxation environment in New Zealand along with discussion around the current issues with GST.
From NZ perspective, the topic of discussion was on the services relating to land in New Zealand & rules applying zero-rating to supplies of services to non-residents such as such as legal engineering or architectural services. This issue is currently in the parliament.
Siddharth Jain, Assistant Commissioner, Government of India expressed his satisfaction on the meeting with the INZBC representatives.
“It was wonderful interacting with the India New Zealand Business Council in Wellington. We could see the similarities between the New Zealand GST system and the Indian system”, Mr Jain said.
“New Zealand has a very efficient system which has been there for the last thirty years. In fact, the challenges faced by New Zealand in taxing services were very similar to what India is facing.
“It was also very interesting to see the Indian diaspora settled in Wellington having such an in-depth understanding of the GST system,” Mr Jain further added
The trip was more of having an educational experience for the officers in the delegation.
“We learned a lot from the GST experience of New Zealand. It was a great interaction”, a sentiment shared by Selva Kumar Singh, Joint Secretary, Government of India.
The event was organised by Jay Changlani, Wellington Chapter Head of INZBC.
“INZBC is privileged and honoured to host such an esteemed delegation from India along with the High Commission of India,” Mr Changlani said.
The treasurer, INZBC, Bhav Dhillon commented, “We at INZBC are always working towards making the officials of both the countries understand and educate each other on the workings of the two economies. This event is a step in the same direction. We would like to appreciate the efforts made by the current Indian High Commissioner, to help in encouraging such exchanges.”
India’s biggest tax reform which is currently underway with the implementation of the Goods and Services Tax (GST) has now an official Kiwi-connection.
A group of high-level officers from the Ministry of Finance, Government of India were recently in New Zealand on a mutually educative program with...
India’s biggest tax reform which is currently underway with the implementation of the Goods and Services Tax (GST) has now an official Kiwi-connection.
A group of high-level officers from the Ministry of Finance, Government of India were recently in New Zealand on a mutually educative program with an exposure to New Zealand’s tax system as a key goal of the program.
The High Commission of Indian in New Zealand and the India New Zealand Business Council (INZBC) – the premier body responsible for promoting trade between New Zealand and India were the two key facilitators of the program.
This visit was organised at the behest of the current Indian High Commissioner to New Zealand Sanjiv Kohli – a fact acknowledged and lauded by the Director, Revenue Dept., Government of India, who led the visiting delegation.
Gaurav Masaldan, Director, Revenue Dept., Government of India, said “We thank the Indian High Commission to organize this event. It was a wonderful experience”.
The Indian High Commission, along with INZBC and Accounts Icon, has hosted an event in Wellington, on July 20, 2017, in Wellington.
The delegation of officers spoke enthusiastically about the new GST environment in India.
Jay Changlani – a reputed New Zealand Tax expert and Wellington Chapter Head of the INZBC gave an overview of taxation environment in New Zealand along with discussion around the current issues with GST.
From NZ perspective, the topic of discussion was on the services relating to land in New Zealand & rules applying zero-rating to supplies of services to non-residents such as such as legal engineering or architectural services. This issue is currently in the parliament.
Siddharth Jain, Assistant Commissioner, Government of India expressed his satisfaction on the meeting with the INZBC representatives.
“It was wonderful interacting with the India New Zealand Business Council in Wellington. We could see the similarities between the New Zealand GST system and the Indian system”, Mr Jain said.
“New Zealand has a very efficient system which has been there for the last thirty years. In fact, the challenges faced by New Zealand in taxing services were very similar to what India is facing.
“It was also very interesting to see the Indian diaspora settled in Wellington having such an in-depth understanding of the GST system,” Mr Jain further added
The trip was more of having an educational experience for the officers in the delegation.
“We learned a lot from the GST experience of New Zealand. It was a great interaction”, a sentiment shared by Selva Kumar Singh, Joint Secretary, Government of India.
The event was organised by Jay Changlani, Wellington Chapter Head of INZBC.
“INZBC is privileged and honoured to host such an esteemed delegation from India along with the High Commission of India,” Mr Changlani said.
The treasurer, INZBC, Bhav Dhillon commented, “We at INZBC are always working towards making the officials of both the countries understand and educate each other on the workings of the two economies. This event is a step in the same direction. We would like to appreciate the efforts made by the current Indian High Commissioner, to help in encouraging such exchanges.”
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