GST rollout live updates: How people are waking up to unified tax measure

GST rollout: Apart from ensuring better compliance, the reform measure will replace a bunch of central and state levies with two taxes - Central GST and state GST. The Prime Minister said the new tax reform will not create problems for the common people.

By: Express Web Desk | New Delhi | Updated: July 1, 2017 8:09 pm
GST rollout, GST rollout india, GST launch, GST bill, what is GST, GST india, goods and service tax, narendra modi GST rollout: An illuminated Parliament ahead of midnight launch of ‘Goods and Services Tax (GST)’ in New Delhi on Saturday. (PTI Photo by Manvender Vashist)

The landmark Goods and Services Tax, one of the sweeping taxation reforms since Independence, was rolled out at midnight on Saturday in a special midnight session in the central Hall of Parliament. Prime Minister Narendra Modi said GST will be “not only a tax reform but an economic and social reform as well” that will unify the nation, “check corruption and end harassment at hands of officers”.

The GST will now pave the way for achieving One Nation – One Tax – One Market goal. Apart from ensuring better compliance, the reform measure will replace a bunch of central and state levies with two taxes – Central GST and state GST. The Prime Minister said the new tax reform will not create problems for the common people. He said its implementation will help in cutting down corruption and eliminating black money from the economy.

“This system is going to be most relevant for the poor,” PM Modi said.

LIVE UPDATES

7:45 pm: Odisha Chief Minister Naveen Patnaik offers congratulations on the GST rollout.

6:35: pm: Writer Shobhaa Dey shares a picture of a restaurant bill

5:00 pm: Cartoon by Mika

mika cartoon, gst, one tax one nation, indian express

4:15: pm: Former Cabinet Minister Subramanian Swamy is ecstatic that the price of some food items might be coming down with GST implementation

3:35 pm: Union Cabinet Minister Ananth Kumar shared a purchase bill from a book store exemplifying a smooth GST rollout.

2:15 pm: Union Minister Dharmendra Pradhan shared a bill of a restaurant to show that GST has begun to be implemented.

2:10 pm: Tata Motors-owned Jaguar Land Rover today reduced prices of its entire vehicle range in India on an average by 7 per cent to pass on benefit of reduced tax incidence under GST.

2:05 pm: Hyundai Motor India Ltd Director Sales and Marketing Rakesh Srivastava said, “In a challenging market fuelled with speculations on the GST tax structure, Hyundai registered highest-ever half-year domestic sales on account of strong acceptance brands Grand i10, Elite i20 and Creta in pre-GST business environment.”

2:00 pm: Kerala Chief Minister Pinarayi Vijayan has said that the midnight launch event was ‘not in good taste.’

“Midnight celebration??? We still need to conduct many ‘DAY-LONG’ public awareness campaigns about #GST, simplifying it for common public and address doubts of small traders,” he said.

1:45 pm: Shops and establishments across Jammu and Kashmir are shut protesting the launch of GST. Remember, the state is the only one in the country that has not yet passed the GST bills in Assembly.

1:00 pm: Across NCR, most shops are still offering 50 per cent discounts. As computers are being configured according to the new GST rates, bill books are used extensively.

12:30 pm: Congress MP Sushmita Dev talks about the GST rates on sanitary napkins.

12 noon: Same BJP when in opposition had protested against the #GST tooth and nail. No one can deny this fact, says Chidambaram

11:50 am: It is not the original GST that experts had drafted earlier, this will seriously impact inflation, says P Chidambaram

11:10 am: Where Jay Panda was last night.

11:00 am: Congress leader P Chidambaram said he will address the media about GST at 11:30 am today.

10:20 am: What are the GST rates on items used in most households? You can check here.

10:10 am: Sadhguru Jaggi Vasudev reacts to the tax measure.

mika cartoon, gst, one tax one nation, indian express Cartoon by Mika

10 am: The Prime Minister is sharing a bunch of videos on Twitter explaining how the tax reform measure will be good for the country.

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