Indian opposition to boycott tax launch Indian Parliament illuminated prior to the implementation of the new Goods and Services Tax (GST) regime.
Eastern Eye Staff
Indian opposition parties vowed Friday (29) to boycott the launch of a new national tax, adding to the strain ahead of the country’s biggest ever fiscal reform. Businesses are bracing for upheaval as India rolls out the long-awaited goods and services tax (GST) with the aim of transforming the nation of 1.2 billion people and its $2 trillion (£1.5 trillion) economy into a single market. The main opposition Congress party dismissed the tax launch event at midnight on Friday as a “publicity gimmick”. Other parties said they would join a boycott of a special sitting of the two parliament chambers — to be held by prime minister Narendra Modi when the tax takes effect. There have only been…
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