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India's Historic Moment

By Jasveer10 (Own work) [CC BY-SA 4.0], via Wikimedia Commons

Historic moment is few moments away. The goods and services tax (GST) will come into force on 1 July. The GST will replace the existing complex tax system with Goods and Services Tax (GST). GST is expected to integrate the whole of the country into a single portal which is expected to increase state and federal tax revenues. This is a major simplification which will help India in the long run.
All shopping centres in the country were unusually busy as the retailers were offering discounts to draw shoppers to their outlets. Retailers want to minimise their pre-GST inventory before the goods and services tax (GST) kicked in.

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