Diabytes
GST timeline News
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GST was officially rolled out across India, replacing multiple indirect taxes with a single tax system.
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Prime Minister Narendra Modi had called it “a path-breaking legislation for New India.”
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After 17 tumultuous years, a nationwide Goods and Services Tax (GST) will rollout from Friday midnight, overhauling India's convoluted indirect taxation system and unifying the USD 2 trillion economy with 1.3 billion people into a single market.
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The goods and services tax (GST) is expected to be fiscally neutral and the resulting inflation impact is likely to be minimal at less than 20 bps, says a Nomura report.
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