You are here

Uncertainty as India's landmark new sales tax is rolled out

People are unsure about the new system; businesses have been put off by the GST's complicated structure

BT_20170703_NAHINDIA3_2961437.jpg
A textile trader waiting outside shops which were closed in protest of the new sales tax, in the Mangaldas cloth market in Mumbai on June 30.

Mumbai

CONFUSION and uncertainty swept through India's US$2 trillion economy as businesses and consumers alike attempted to navigate a new nationwide sales tax that replaced a spiderweb of more than a dozen state and territory taxes and levies.

The new goods and services tax (GST

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom