5 min read.Updated: 04 Aug 2016, 01:46 AM ISTAmi Shah
The GST will replace at least 17 state and federal levies, making the movement of goods faster and cheaper for 1.3 billion consumers
Mumbai: The bill on the much-awaited Goods and Services Tax or GST has been cleared by the Rajya Sabha, and is now closer to reality than ever. It has been dubbed as the biggest tax reform in independent India. GST intends to dismantle inter-state barriers to trade in goods and services, and would be far simpler than the current system, where a good is taxed multiple times at different rates.