He promised to cancel the unpopular goods and service tax approved in 2015.

他承诺取消2015年批准的不受欢迎的商品和服务税。

These consumption taxes, such as the U.K.’s VAT or India’s Goods and Services Tax are another important source of revenue.

这些消费税，例如英国的增值税或印度的商品和服务税，是另一个重要的收入来源。

Then, while businesses were trying to recover from that policy, the government implemented the goods and services tax in July 2017.

然后， 当企业试图从该政策中恢复过来时，政府于 2017 年 7 月实施了商品和服务税。

The two policies on tax and demonetization hit consumption and investment hard, despite most economists agreeing that the goods and services tax will bring long-term benefits for India.

税收和非货币化这两项政策严重打击了消费和投资，尽管大多数经济学家都认为商品和服务税将为印度带来长期利益。