You are here

COMMENTARY

India's GST could lead to chaos, but then be a game changer

If the initial hump can be passed, the GST could make India a truly common market for the first time.
Saturday, July 1, 2017 - 05:50

BT_20170701_VKGST_2960181.jpg
An Indian worker loading a truck with goods at a wholesale market in Chennai on Thursday. The new tax promises faster deliveries and more efficient trucking.

TODAY, India introduces a goods and services tax (GST) in what is billed as its greatest tax reform since independence. But a closer look suggests that this has the potential makings of a transformational idea on paper botched in practice. The tax, as designed, will be so complex to administer

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom