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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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), formally ushered in at a late-night session of Parliament overnight on Friday, unifies 29 states and 1.28 billion people into a single market for the first time.
Share with us your feedback on BT's products and services
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
