OREANDA-NEWS Heads of revenue of BRICS nations have signed a pact to identify areas of cooperation in tax matters among members of the group, and hailed India's indirect tax reform GST, finance ministry said.

The meeting of the BRICS (Brazil, Russia, India, China and South Africa) Heads of Revenue and Tax Experts was held at Hangzhou, China. India was represented by Revenue Secretary Hasmukh Adhia.

A Memorandum of Cooperation (MoC) in respect of tax matters identifying areas of cooperation, namely, coordination in international forums, capacity building, experience sharing and regular interaction was also signed by the BRICS Heads of Revenue, the ministry said.

They also deliberated upon contemporary international tax issues.

"India's GST reforms were appreciated and hailed by the BRICS countries," the ministry added.