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GST impact on jobs: Hundreds of thousands laid off despite growth

Here's how complexities of the new regime have driven many small enterprises out of business

Reuters  |  Panipat 

Tilak Raj Bathla's tiny weaving factory is one of the few still humming on a once busy road in Panipat, known as the country's "textile city". Nearby, more than two dozen other workshops are locked from the outside, while dogs and cows roam through other abandoned factories. Scrap dealers enquire about idle powerlooms. India launched the Goods and Services Tax (GST) just over a year ago, its biggest ever tax reform, aiming to replace more than a dozen federal and state levies and unify the sprawling economy. The move improved economic efficiency but critics ...

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First Published: Thu, September 06 2018. 11:54 IST