India has a federal system of governance for its 29 states and seven union territories. This has created a complex web of taxes, with every state having its own set of taxes in addition to the ones collected by the central government. For businesses, it can seem more like a continent with different countries. Many advantages of a single, large market are lost, affecting the country’s economic growth too.
Finally, a stable central government with a strong mandate in the last election has been able to push legislation for GST through parliament – and July 1 is the date set for