In­dia Par­lia­ment passes 4 GST bills

New Straits Times - - Business -

NEW DELHI: In­dia’s lower house of Par­lia­ment on Wed­nes­day passed four bills that will pave the way for a land­mark tax re­form. The gov­ern­ment aims to launch the Goods and Ser­vices Tax (GST) law by July 1, re­plac­ing the decades-old patch­work of fed­eral and state taxes, in one of the big­gest eco­nomic re­forms un­der Prime Min­is­ter Naren­dra Modi’s gov­ern­ment. The bills, which deal with cen­tral, re­gional and in­ter-state goods and ser­vice taxes, were passed af­ter a seven-hour dis­cus­sion.

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