India rolls out biggest ever tax reform in 70-year history

Source: Xinhua| 2017-07-01 22:38:16|Editor: Song Lifang

INDIA-KOLKATA-GOODS AND SERVICES TAX

Photo taken on July 1, 2017 shows a store in Kolkata, capital of eastern Indian state West Bengal. India early Saturday rolled out its biggest ever tax reform in its 70-year history after achieving independence from British rule in 1947. The new tax regime known as Goods and Services Tax (GST) replaces more than a dozen state and federal levies to unify an economy of 2 trillion U.S dollars and 1.3 billion people into a single market. (Xinhua Photo/Tumpa Mondal)

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