India's Finance Minister Arun Jaitley gestures as he addresses a gathering during a seminar on 'Income Declaration Scheme-2016' in Ahmedabad, India, July 10, 2016. REUTERS/Amit Dave
NEW DELHI (Reuters) - Indian Finance Minister Arun Jaitley's plan to launch a new national sales tax next April got a jolt on Saturday after a two-day meeting with state officials ended without the resolution of a deadlock on who would administer the tax.
The long-awaited Goods and Services Tax (GST) would transform Asia's No.3 economy into a single market, could boost revenues through better compliance and make life simpler for businesses that now pay a host of federal and state levies.
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