Indian Parliament Backs Key Tax Bill
Indian Parliament Backs Key Tax Bill
New Delhi - QNA
India's parliament has passed the much-awaited Goods and Services Tax (GST) bill.
The tax reform has been labelled a landmark and India's biggest tax reform since independence, according to the (BBC).
The changes aim to streamline India's fragmented tax system with a single levy.
Indian businesses have been lobbying for the single tax rate as it would reduce costs, particularly for shipping goods across state borders.
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