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GST: After killing currency, Modi takes a leap with biggest-ever tax reform

PM Modi government is putting India through a revolution in the way the country does business

After killing currency, Modi takes a leap with India’s biggest-ever tax overhaul
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The Goods and Services Tax (GST) is a uniform indirect tax levied on goods and services across the country. Photo: PTI

Geeta Anand | NYT
For the second time in less than a year, the government of Prime Minister Narendra Modi is putting India through a revolution in the way the country does business.
 
In the fall, the government imposed one of the most radical monetary experiments ever, abruptly banning most of the country’s currency notes in an effort to stem corruption.
 
Now, it is instituting the country’s biggest tax overhaul since independence. On Saturday, a nationwide sales tax replaces the current hodgepodge of business taxes that vary from state to state and are seen as an impediment to growth. It is expected