Cross-border trade not making you cross

India’s trade landscape has been transformed to improve the ease of doing business, boost exports, reduce tax evasion and align with global standards. The government is simplifying procedures, promoting digitisation and modernising regulations. The goods and services tax (GST) has been one of the most significant economic initiatives. Replacing many central and state taxes, the GST is a simpler unified tax structure with four rate categories, 5%, 12%, 18% and 28%. Proposals put forward will eliminate the 12% slab, making compliance even easier. Read Article