Sunday, November 29, 2020

Tag: India: The Lunatics Have Taken Over the Asylum

India: The Lunatics Have Taken Over the Asylum

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by Pater Tenebrarum, Acting Man:
Goods and Services Tax, and Gold (Part XV)

Below is a scene from anti-GST protests by traders in the Indian city of Surat. On 1st July 2017, India changed the way it imposes indirect taxes. As a result, there has been massive chaos around the country. Many businesses are closed for they don’t know what taxes apply to them, or how to do the paperwork. Factories are shut, and businesses are protesting.