Tax reform draws Indian SMEs into digital economy

Pushed to modernise: The reforms will force small enterprises to digitise their businesses. — AFP

INDIA’S biggest tax reform in history is set to make its small-to-medium businesses more transparent.

On July 1, as India rolls out its landmark national sales tax, businesses that make less than 100 million rupees – which the government refers to as micro, small and medium enterprises – will all have to digitise.