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The Indian GST Tax Reform of 2017

How has it affected the economy?

1 July 2017 marked a very important date for India. The country switched to a new tax regime to ensure one indirect tax for the entire country. The implementation of the Goods and Services Tax (GST) was planned to bring clarity, transparency and efficiency to all commercial transactions.

Here’s a short preview from the white paper:

“The new tax structure is a game-changer for the economy as well as for many businesses.... The nationwide GST has replaced India's 'jungle' of almost half a dozen indirect taxes, duties and surcharges.”

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