Historic Leap with July 1 GST Rollout
(WorldNews India)

As India implements its biggest and most ambitious tax reform, DNA explains how it will shore up revenue, cool inflation, and spur growth After years of dithering, the Goods and Services Tax (GST) will finally roll out in less than a week, amid hopes that the country's biggest and most ambitious tax reform will shore up tax revenues, cool inflation and accelerate growth. On July 1, the new nationwide sales tax will unify all 29 states and seven Union Territories (UTs) with 1.3 billion people into one common market for the first time. It will tear down trade barriers by replacing a mosaic of 15 different central and state levies. The five-slab GST structure exempts or imposes a low rate...