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'Plenty of hiccups' expected as India rolls out new tax reform
It has been heralded by economists and will count as the most important structural reform of the current government
Add BT as a preferred sourcePublished Fri, Jun 30, 2017 · 09:50 PM
New Delhi
AS India prepares to launch its biggest tax reform since independence in 1947, businesses and citizens across the country are bracing for economic chaos.
At midnight on July 1, Prime Minister Narendra Modi will formally usher in the country's new goods and services tax. First proposed in 2006, the GST will subsume more than a dozen state and central levies into one tax, unifying this country of 29 diverse states and 1.28 billion people into a single market for the first time.
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