GST NEWS
GST launch
GST launch event: Highlights
Jul 1, 2017

India's is all set for its biggest tax reform since independence. Here are the key highlights of the midnight launch event:

  • President Pranab Mukherjee: GST will create a strong incentive for buyers to deal with honest and compliant sellers who pay their dues promptly.
  • President Pranab Mukherjee: Introduction of GST is a momentous event for the nation.
  • President Pranab Mukherjee: There were apprehensions whether bringing over 1,000 items under the tax bracket would be possible. The council pleasantly surprised all of us by completing the task on time.
  • President Pranab Mukherjee: Was always confident that we will bring GST reform in the country.
  • PM Modi: GST in reality is 'Good and Simple' Tax.
  • PM Modi: GST is transparent and fair system that prevents black money and corruption and promotes a new governance culture.
  • PM Modi: GST is a catalyst that will remove all imbalances in the economy and market.
  • PM Modi: There was confusion due to the taxation system in the country. We are now going to get rid of that.
  • PM Modi: From Ganganagar to Etanagar, from Leh to Lakshadeep - One nation, one tax
  • PM Modi: Just like Sardar Vallabhai Patel brought the entire country together. Through GST, we have managed to come together.
  • PM Modi: The best brains of the country worked on making GST possible.
  • PM Modi: At midnight, we have all come together to secure the future of our country.
  • PM Modi: GST is the result of a combined effort of all the political parties, not a single party.
  • FM Arun Jaitley: We ensured that there was no unnecessary burden on the weaker sections. '
  • FM Arun Jaitley: New India will create one tax, one nation, one market.
  • FM Arun Jaitley: The tax reform comes at a time when the world is facing slow growth
  • FM Arun Jaitley: GST is a journey will India will awake to endless possibilities. The old India was economically fragment. The new India will have one tax, one market. It will be an India where the Centre and the states work together towards the common goal of shared prosperity.
  • FM Arun Jaitley begins address, says we have assembled for an important movement in the journey of our great nation
  • Top leaders, industrialists, cine stars mark GST launch: Top leaders, industrialists, economists and celebrities on Friday night descended to witness the launch of landmark GST at the historic Central Hall of Parliament which opened for a midnight ceremony for the first time in two decades. Industry doyen Ratan Tata, RBI Governor Urjit Patel, Member of Parliament cum cine star Hema Malini and Shatrughan Sinha hogged much limelight with many of the participants greeting them. Haseeb Drabu, finance minister of Jammu and Kashmir — the only state which has not passed the SGST Bill — was also present.

Source :  The Times of India

Top Stories
FM simplifies GST refund claim process for businesses
Easing compliance burden for businesses, the Finance Ministry has said GST refunds can be claimed by...
Sep 6, 2018
336 Views
September last month to fix GST filing errors, claim credit for FY18
September is crucial for taxpayers under the new goods and services tax (GST) regime, as it will be ...
Sep 10, 2018
409 Views
Govt draws up plan to boost GST revenues
Alarmed by a nearly four-fold rise in GST compensation to states for June-July, the Finance Ministry...
Sep 10, 2018
258 Views
Companies not passing benefits of GST cut to customers, govt plans to hike penalty
Have the prices of regular use commodities come down after the government and the GST council slashe...
Sep 4, 2018
214 Views
GST returns: New system unlikely before next elections
The roll-out of the new simplified return-filing system for the goods and services tax (GST), which ...
Aug 31, 2018
340 Views
Articles on GST