India's biggest tax reform GST launched at Parliament's Central Hall
New Delhi: The historic Goods and Services Tax (GST) was
launched by President Pranab Mukherjee and Prime Minister Narendra Modi at
midnight Friday, (between the night of 30th June and 1st
July 2017 ) unveiling the new tax regime replacing overnight the messy mix of
more than a dozen state and central levies built up over seven decades, with a
one national GST unifying the country's USD 2 trillion economy and 1.3 billion
people into a common market.
The
new indirect tax regime in the country is to come into effect from July 1,
wherein fixation of GST rates on the supplies is joint responsibility of the
Central and State governments after the approval from the GST Council.
Finance Minister Arun Jailey announced the launch of India's
biggest tax reform GST.
People in various part of the country celebrated the launch of GST with
bursting of crackers.
The Moments of GST Launch:
00:01 AM
Finance Minister Arun Jailey announces launch of India's biggest
tax reform GST
23:55 PM
This historic moment is the culmination of 14 year long journey which
began in December, 2002: President Pranab Mukherjee. #GST
23:50 PM
Introduction of GST is a momentous event for the nation: President
Pranab Mukherjee.
23:49 PM
23:47 PM
23:47 PM
GST has potential to end harassment at hands of officers; hope traders
will transfer its benefits to consumers: PM Modi
23:46 PM
This is also a coincidence that Bhagwad Geeta contains 18
chapters and GST Council also went through 18 meetings: PM Narendra Modi
#gstrollout
23:42 PM
GST is transparent and fair system that prevents black money and
corruption and promotes new governance culture: Prime Minister Modi
23:39 PM
Long wait at toll plazas will end with GST integrating 31 states and UTs
as one: Prime Minister Modi
23:38 PM
GST is economic integration of India just like what Sardar Vallabhbhai
Patel had done decades back to integrate the country: PM Modi.
No comments:
Post a Comment