On the desk in his tiny office in Meerut, two hours drive northeast of New Delhi, lay two calculators. Prime Minister Narendra Modi's government says that by replacing several federal and state taxes, the new Goods and Services Tax (GST) will make life simpler for business. (http://bit.ly/2sch8ou)NOT SO SIMPLEBy tearing down barriers between India's 29 states, the GST should deliver efficiency gains to larger businesses. One particular concern is how a new feature of the GST, the input tax credit, will work. ($1 = 64.4300 Indian rupees)(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)

Source: dna June 28, 2017 01:30 UTC