On July 1st 2017, India launched its GST. For a country of nearly 1.28 billion people, comprising of 29 states and 7 union territories this is a defining moment. The idea of abolishing all other central and state taxes, and introducing one tax, GST, was mooted 15 years back. It took more than a decade to finally get to a point when consensus was reached and the formal launch (or rather the transition) to GST happened.
9 days ago