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Tag Archives: GST

GST Sends Services Activity Plunging Most In 4 Years

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Bengaluru: Activity in India’s dominant service sector contracted at the sharpest rate in nearly four years in July after a new tax policy sowed confusion and sent new orders into free fall, a survey showed on Thursday. Initial confusion on the national goods and services tax (GST) led July’s Nikkei/IHS Markit composite Purchasing Managers’ Index, which measures both manufacturing and ...

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