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Saturday, July 1, 2017

India's biggest tax reform GST launched at Parliament's Central Hall

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
 President Pranab Mukherjee begins with his speech in the Central Hall of the Parliament 

23:47 PM
 GST will stop BlackMoney and corruption, it will also benefit the poor of the nation: PM Modi

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.

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