India's First GST Filing Delayed.
The Indian Central Government has confirmed that the deadline for the first returns under the new Goods and Services Tax (GST) regime will be delayed by one month.
The new regime will launch July 1st and will be the biggest tax reform since Independence. GST will subsume a large number of central and state taxes into a single tax, paving the way for a common national market. It is estimated that GST could raise GDP by 1.5-2 % in the long term.
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