News
Shadow economy struggles under weight of India's new tax regime
- Date:
- July 20, 2017
- Source:
- Economic Times
On the edge of one of India's biggest slums, Alauddin Ansari opens a paper ledger of daily sales at his small leather shop and points to a blank page. That's the tally for today. Nothing. Before Prime Minister Narendra Modi introduced the country's new goods and services tax on July 1, Ansari said he was earning Rs 6,000 ($93) a day selling leather jackets, wallets, bags and belts. But India's new…