Bonanza! Auto majors and fashion retailers are still offering GST discounts

Some of India's biggest automakers and retailers announced price cuts on Saturday as Asia's third-largest economy switched to a new nationwide sales tax at the stroke of midnight, replacing a host of provincial and national levies. The Goods and Services Tax (GST), India's biggest tax reform in the 70 years since independence from British colonial rule, unifies the $2 trillion economy and 1.

3 billion people into one of the world's biggest common markets. Maruti Suzuki Ltd, India's biggest carmaker by sales, dropped.

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