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India could be a step closer to one of the biggest tax reforms in the country since Independence.
On Tuesday, Finance Minister Arun Jaitley said that every state had either supported or accepted the proposed Goods and Services Tax (GST) except Tamil Nadu, which expressed its reservations and offered suggestions.
The GST bill will create a single national sales tax to replace several state and central levies. It has already been approved by the Lok Sabha, and is pending in the Rajya Sabha.
Virtually every state has supported the idea of GST. One state, that is Tamil Nadu, said it has reservations... they have suggestions on how to make it implementable.Arun Jaitley
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