India looks to ease living costs with biggest GST overhaul in eight years
India is preparing for its biggest tax reform in eight years, with an overhaul of its Goods and Services Tax. This, to bring down the cost of living and simplify the tax system as US tariffs weigh. The government plans to bring most products to two rates, 5% and 18%. This would replace the current four categories ranging from 5% to 28%. Rebecca Bundhun reports from Mumbai.
India is preparing for its biggest tax reform in eight years, with an overhaul of its Goods and Services Tax. This, to bring down the cost of living and simplify the tax system as US tariffs weigh. The government plans to bring most products to two rates, 5% and 18%. This would replace the current four categories ranging from 5% to 28%. Rebecca Bundhun reports from Mumbai.
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