Business Standard

Demonetisation 2.0? Ready or not, India braces for biggest-ever tax reform

The talk among businessmen is about how to cope in the aftermath of the GST rollout.

GST
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GST

Reuters
Businessman Pankaj Jain is so worried about the impending launch of a new sales tax in India that he is thinking of shutting down his tiny textile factory for a month to give himself time to adjust.

Jain is one of millions of small business owners who face wrenching change from India's biggest tax reform since independence that will unify the country's $2 trillion economy and 1.3 billion people into a common market.

But he is simply not ready for a regime that from July 1 will for the first time tax the bed linen his 10 workers make, and

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