India Races to Implement Epic Tax Reform
- ‘Always good to set stiff targets and try meet them’: Jaitley
- Around 60,000 state and federal tax collecters to be trained
Modi’s government set a target date of April 1, 2017, for a goods-and-services tax known as GST to take effect.
Photographer: Prashanth Vishwanathan/BloombergThis article is for subscribers only.
After Indian lawmakers took a decade to agree on the nation’s biggest tax reform in modern history, Prime Minister Narendra Modi is racing to get it implemented in less than eight months.
“We are going to try to make it reasonably as quick as possible,” Finance Minister Arun Jaitley told reporters in New Delhi on Thursday. “It is always good to set stiff targets and try meet them, rather than have no targets at all.”