India
’s government has made a huge step in April 2017 to unify its Goods and Service Tax (or GST, a VAT equivalent) with one single tax system across all states, which replaces 17 indirect tax levies.
Retailers in general have welcomed this possible reform, which would have five levels (5%, 12%, 18%, 28% and 40%) with a 5% rate for fashion retailers. A first test could start in May. If 15 of the 29 States ratify the agreement, it will go into effect, easing business conditions for retailers...
Do you have information to share with us?