GST Bill a Game-Changer For Indias Economic Growth
The US India Business Council has termed the passage of GST bill by the Indian Parliament as a "game-changer", saying it is a significant milestone in efforts to improve the countrys ranking in World Banks ease of doing business index.
The council congratulates Indian Government and members of Parliament for approving the Constitution (122nd Amendment) Goods and Services Tax (GST) Bill, 2014, an official statement by the US India Business Council (USIBC) said.
This is a significant milestone in Indias ongoing efforts to improve its ranking in the World Banks ease of doing business index, it said.
USIBC believes that the GST is a game-changer that will boost economic growth by streamlining domestic supply chains and removing the compliance burden of contradictory state tax regimes,...