India’s ambitious plan to tax goods and services

After a tortuous legislative battle, India is finally about to enact a unified goods and services tax that could provide a boon for the world’s fastest-growing major economy. If the ruling party of Prime Minister Narendra Modi has its way, the tax will be introduced on July 1, 11 years after it was first proposed in the Indian parliament. The new GST represents the most ambitious tax reform in Ind…