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What’s The Big Deal About India’s Goods and Services Tax? Q&A

  • GST is India’s biggest economic reform since the 1990s
  • Makes it easier to do business in Asia’s third-largest economy
Bloomberg business news

India Lawmakers to Vote on Sales Tax Bill

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India’s decade-long wait for a national sales tax that will create one of the world’s biggest single markets is almost over.

On Wednesday evening, lawmakers in the upper house of parliament voted unanimously to approve a constitutional amendment to enable the goods-and-services tax, known as GST. Once fully implemented, the tax will go a long way toward fulfilling Prime Minister Narendra Modi’s pledge to make it easier to do business in the world’s fastest-growing big economy.