GST hits a wounded civilisation


In support: A supporter of India’s ruling Bharatiya Janata Party (BJP) holds a placard during a rally to support implementation of the goods and services tax in Mumbai, India recently. — Reuters

IF you think we have it bad with our goods and services tax (GST), you should pity the poor Indian.

On July 1, India finally bit the bullet and adopted a single, unified GST across the nation. This came a year after the government abruptly withdrew 86% of the country’s currency from circulation in a final – and perhaps decisive – attempt at merging the nation’s real economy with its shadow one.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Jaya , column

   

Next In Business News

Fed dampens hopes for rate cut
CapBay aims to provide financing to more SMEs
Farm Price IPO oversubscribed by 91.35 times
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing
UUE inks deal with M&A Securities to go public
XOX plans share capital reduction
DNB board to meet soon on 5G share sale deal
WTK to buy 15% stake in Durafarm
Wall St set to open sharply higher on soft jobs data

Others Also Read