What does Parliament have in store for us? Which are the laws that are going to change our lives?
1 Goods & Services Tax
The government intends to introduce a goods and services tax (GST) regime in India by April 2010. The proposed GST will integrate most indirect taxes on goods and services at state and central levels. GST will bring all these taxes under one head that will be levied at the point of sale, instead of the point of origin.
(This story appears in the 08 January, 2010 issue of Forbes India. To visit our Archives, click here.)