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.
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:
Finance Minister Arun Jailey announces launch of India's biggest tax reform GST
This historic moment is the culmination of 14 year long journey which began in December, 2002: President Pranab Mukherjee. #GST
Introduction of GST is a momentous event for the nation: President Pranab Mukherjee.
GST has potential to end harassment at hands of officers; hope traders will transfer its benefits to consumers: PM Modi
This is also a coincidence that Bhagwad Geeta contains 18 chapters and GST Council also went through 18 meetings: PM Narendra Modi #gstrollout
GST is transparent and fair system that prevents black money and corruption and promotes new governance culture: Prime Minister Modi
Long wait at toll plazas will end with GST integrating 31 states and UTs as one: Prime Minister Modi
GST is economic integration of India just like what Sardar Vallabhbhai Patel had done decades back to integrate the country: PM Modi.