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Photos: India braces for landmark GST roll-out on July 1

The Goods and Services Tax (GST) will come into effect from July 1 with the nation bracing for one of its biggest tax overhauls ever. GST will bring in a uniform indirect tax system by subsuming various central, state and local indirect taxes and levies.

Updated on: Jul 08, 2017 6:44 PM IST

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India is all set for its most ambitious reform in decades, which is expected to transform the world’s fastest growing major economy into a single market for the first time. The long-awaited Goods and Services Tax (GST) rolls out Saturday even as businesses complain they are ill-prepared for the massive changes about to ripple through India’s unwieldy $2 trillion economy. (Dibyangshu Sarkar / AFP)

Updated on Jul 08, 2017 6:44 PM

India is all set for its most ambitious reform in decades, which is expected to transform the world’s fastest growing major economy into a single market for the first time. The long-awaited Goods and Services Tax (GST) rolls out Saturday even as businesses complain they are ill-prepared for the massive changes about to ripple through India’s unwieldy $2 trillion economy. (Dibyangshu Sarkar / AFP)

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Most economists agree with the reform which was first proposed in 2006. The GST will replace most indirect taxes in Asia’s third largest economy. (Dibyangshu Sarkar / AFP)

Updated on Jul 08, 2017 6:44 PM

Most economists agree with the reform which was first proposed in 2006. The GST will replace most indirect taxes in Asia’s third largest economy. (Dibyangshu Sarkar / AFP)

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It took the government more than a decade to get the GST bill through the parliament amid political opposition over its particulars. This splintering resulted in four tax slabs instead of one as originally envisioned. (Dibyangshu Sarkar / AFP)

Updated on Jul 08, 2017 6:44 PM

It took the government more than a decade to get the GST bill through the parliament amid political opposition over its particulars. This splintering resulted in four tax slabs instead of one as originally envisioned. (Dibyangshu Sarkar / AFP)

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The government promises the new regimen♦ will not just simplify trade by replacing more than a dozen levies with one tax, but combat corruption and enrichen state coffers by bringing the informal economy into the digital era. (Dibyangshu Sarkar / AFP)

Updated on Jul 08, 2017 6:44 PM

The government promises the new regimen♦ will not just simplify trade by replacing more than a dozen levies with one tax, but combat corruption and enrichen state coffers by bringing the informal economy into the digital era. (Dibyangshu Sarkar / AFP)

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A slew of basic staples like fresh vegetables and milk are exempted, along with less obvious items like temple offerings, the national flag and human hair. (Dibyangshu Sarkar / AFP)

Updated on Jul 08, 2017 6:44 PM

A slew of basic staples like fresh vegetables and milk are exempted, along with less obvious items like temple offerings, the national flag and human hair. (Dibyangshu Sarkar / AFP)

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Under the new regime, companies will have to file a tax return in every state they pass through -- a nightmare for a trucking company shipping goods nationwide. (Dibyangshu Sarkar / AFP)

Updated on Jul 08, 2017 6:44 PM

Under the new regime, companies will have to file a tax return in every state they pass through -- a nightmare for a trucking company shipping goods nationwide. (Dibyangshu Sarkar / AFP)

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Some industries have suddenly discovered their products elevated to a higher tax bracket. Goods & Services Tax, set to launch on July 1, is a multistage, destination-based tax that will be levied on every value addition. (Dibyangshu Sarkar / AFP)

Updated on Jul 08, 2017 6:44 PM

Some industries have suddenly discovered their products elevated to a higher tax bracket. Goods & Services Tax, set to launch on July 1, is a multistage, destination-based tax that will be levied on every value addition. (Dibyangshu Sarkar / AFP)

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