- India moves closer to single customs union with backing from states
- Constitutional amendment for uniform goods and services tax (GST) passed by Indian parliament
- GST will subsume federal and state levies, transforming India into one of the world’s largest single markets
- Odisha ratifies amendment, Finance Minister Arun Jaitley announces requisite support from states
- New sales tax expected to roll out from next April
- Federal and state legislatures must pass three laws setting rate and scope of GST before tax comes into effect
Source: reuters.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
