New Delhi, June 29: As India gears up to Biggest reform from July 1, 2017. Currently, GST/VAT is being implemented in 160 countries.
Let's have a look at how GST is implemented in the foreign countries.
USA: No GST is being implemented.States will more autonomy in taxation.
France: It implemented GST in 1954.
China: VAT is being implemented from 2016
Japan: currently it is 10 % and they will revise rates in 2019.
Malaysia: Implemented GST in 2015.
Newzealand: Introduced in 1986 and currently 15 % tax is being collected.
Singapore: Implemented from 1994.
Canada: Dual GST model is being implemented.
Finally, experts say that India has copied Canadian model.