299
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
Key Account Manager
Permanent · HONG KONG
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
By
Reuters API
Published
Jun 29, 2017
Reading time
2 minutes
Download
Download the article
Print
Text size

Modi set to launch India's biggest tax reform amid protests

By
Reuters API
Published
Jun 29, 2017

At midnight on Friday, India will introduce nationwide goods and sales tax with Prime Minister Narendra Modi taking centre-stage in parliament for what will be the country's biggest tax reform in the 70 years since independence from British colonial rule.



The GST will replace about 20 federal and state taxes such as factory-gate duties, service and local taxes while unifying $2 trillion (1.54 trillion pounds) economy and 1.3 billion people into a single market.

Modi, a Hindu nationalist politician who swept to power in 2014 promising reforms to get India's lumbering economy moving, will use the occasion to make a landmark speech.

Somewhat predictably, not everyone in the world's largest democracy is happy. Even though the Congress Party first proposed the tax reform before it fell from power three years ago, it has been left wringing its hands over whether to join the parliamentary applause for a tax that should make India a far easier place to do business.
Mamata Banerjee, the firebrand leader of All India Trinamool Congress, certainly won't be clapping - the leader of the regional party governing West Bengal intends to boycott the event, saying the ill-planned launch will hurt small enterprises across the country. "A chaotic situation may arise in our vast economy," Banerjee told reporters in Kolkata, adding millions of small businesses were not yet ready to file multiple tax returns, and it could take up to six months to smoothly implement the legislation.

Thousands of textile mills and retailers across the country went on strike this week to protest the tax. Small businesses in particular are unhappy at the extra demands made of them to be tax compliant during the change-over.

Finance Minister Arun Jaitley has given businesses two months leeway to file late returns during the switch to GST..

A massive media campaign has been launched by the government to create awareness, with telephone help lines opened to address public concerns.

So far, more than three-quarters of the 8.1 million firms registered with the federal and state tax departments have enrolled with the GST Network, a massive IT back-end that will process up to 5 billion invoices a month.

Millions of small businesses, outside the tax net earlier, still have to join the network, and an umbrella organisation pleaded for them to be given more time. "For a seamless implementation of the law, the government should relax rules against traders for procedural lapses for six to nine months," Praveen Khandelwal, secretary general of the Confederation of All India Traders, said. About a third of association's 60 million members lack a computer to register under the new tax regime.
 

© Thomson Reuters 2024 All rights reserved.