Modi Takes a Leap With India’s Biggest-Ever Tax Overhaul

Re:Modi Takes a Leap With India’s Biggest-Ever Tax Overhaul by intended on Sunday July 02, 2017 @08:21AM (#14682174)

I love how you have to show your party affiliation to be taken seriously by your own party supporters.

But i reaffirm your point. Implementation is going to be another points of damage to GDP over the next few months.

Hopefully unlikely demonitization, there should be no hidden costs which surface months later.

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Re:Modi Takes a Leap With India’s Biggest-Ever Tax Overhaul by smdz on Sunday July 02, 2017 @08:27AM (#14682193)

There will be costs that will surface sooner. May be they will reflect in accounts in the next quarter :)

But as I said, they are replacing an old-complicated tax system with a new-complicated tax system. Indians are used to living with complicated systems. They will adjust soon. Just hope that the IT backbone does not falter meanwhile

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