On Wednesday March 30, the Goods and Services Tax (GST) cleared its last legislative hurdle with the Lok Sabha (lower house of India's parliament) signing off on all the four bills crucial for the implementation of this seminal tax reform. The central GST bill, the integrated GST bill, the union...
India's Parliament Passes the GST Bill
On August 3, the Rajya Sabha or the Upper House of India's Parliament passed the much discussed and much awaited Goods and Services Tax (GST) bill. Labeled as a landmark tax reform, the Goods and Services Tax will replace a plethora of various state and federal taxes such as VAT, sales...