In a move to simplify and consolidate its tax collection, the Indian government have set rates for the new Goods and Services Tax (GST) system. Indian businesses have been lobbying for the countrywide tax rates as the reform is expected to reduce costs, particularly for shipping goods across state borders. The change will unify the countries tax system and could encourage further growth in the country. The announcement marks a significant step in the right direction for India although many details of the plan must still be confirmed.

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