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Country ready for GST rollout, anti-profiteering rules soon: Hasmukh Adhia

The tax reform will unify India's $2-trillion economy and 1.3 billion people into a single market

Reuters  |  New Delhi 

India is ready to launch the Goods and Services Tax (GST) on July 1, the official steering the process told Reuters, saying the technology that will drive it is robust and dismissing fears the tax is too complicated. Hasmukh Adhia, revenue secretary at the Finance Ministry, also said rules would be issued "soon" to deter unscrupulous businesses from exploiting the tax reform to gouge customers. The biggest tax reform in India's 70-year history as an independent nation would, overnight, unify its $2-trillion economy and 1.3 billion people into a single market, ...

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First Published: Fri, June 16 2017. 15:40 IST