GST rollout: New India will create one tax, one market and for one nation, says Arun Jaitley

GST rollout: Addressing the GST rollout ceremony. the finance minister said that GST rollout is a high point in India.

By: Express Web Desk | New Delhi | Updated: July 1, 2017 12:08 am
GST rollout, goods and services tax, gst reform, arun jaitley GST rollout: Finance Minister Arun Jaitley addresses the special session of Parliament for the launch of ‘Goods and Services Tax (GST)’, in New Delhi on Saturday. The GST comes into effect after the midnight. PTI Photo/TV GRAB

Union Finance Minister Arun Jaitley on Friday said India’s most ambitious tax reform, Goods and Services Tax (GST) will create united India. Giving his introductory speech during GST rollout ceremony at the Central Hall of Parliament, the finance minister said, “The old India was economically fragmented, the new India will create one tax, one market and for one nation.” Jaitley went on to say that India has launched its biggest tax reform at a time when the world is seeing slow growth. “GST rollout is a high point in India when the world is seeing slow growth. With GST, India is showcasing these forces can be overcome for display of inclusion, focus and boldness,” he said.

Read | GST rollout Live updates

Adding that the tax reform will increase the possibilities for the citizens, Jaitley said the tax reform will give equal opportunities to the weaker sections. “India will launch its biggest tax reform at midnight. India will awake to limitless possibilities. It marks the beginning of a new journey for India,” the finance minister said. There will be no unnecessary burden on weaker sections, he added.

Jaitley also said that it was NDA-1 government that started the journey of GST in the country 15 years ago. He went on to say that the reform has show India can rise above politics. “GST council allowed state and central government to work together. Unanimous support and consensus based work of GST Council highlights India can rise above politics and speak in one voice for national interest,” he said. “There was no decision based on votes. GST council took each decision by consensus,” he said.

Ending his speech, the finance minister expressed his gratitude to those who gave their support in rolling out GST reform. “I express my gratitude to those who gave their support to implement GST in the country,” Jaitley said.

For all the latest Business News, download Indian Express App

  1. K
    Karan
    Jul 1, 2017 at 6:13 am
    There is no longer one Nation after daily Lynching of innocent Muslims and Dalits. This fake Modi Government is worthless and is unable to stop its own Bajrang Dal Terrorist Mobs dividing and breaking apart country and destroying worthless BJP government. Modi and BJP have no control over anything and Bajrang Dal and Gau Rakshaks act if they are the Government in power not BJP to whom they do not give a .
    Reply
  2. A
    Ash
    Jul 1, 2017 at 4:37 am
    Is GST really a transforming tax change? Not really!All that has been done is to replace a number of taxes with a single tax.The tax chosen so that it was close to the old gross tax.One main criterion was that neither the states or the centre should loose out on taxes.If they actually got more,so much the better.And that is what they have achieved.Ofcourse for public image a few common items gave had their taxes reduced marginally but there are more which have been raised substantially.How on earth do you justify 28 tax on educational board games.To my mind very few items should attract 28 .It is pretty obvious that quite a number of taxes have been fixed without application of mind.Fertilsers were also fixed at 28 and have now been reduced due to farmer protests.There are many more such anomolies.Why have a midnight Parliament session to announce GST?The last time we had a midnight Parliament session was when India became independent.Is GST as important as India's independance??
    Reply
  3. A
    Ash
    Jul 1, 2017 at 4:24 am
    It will be one nation when there are no check points at borders.That in essance is the goal for GST. Since these border check posts will not be removed on 1 July,there isn't really a single market.The Economist has said that GST as crafted is a confusing and complicated mass of rates/ regulations written by fuddeled buerocrats.Most trade organisations are clueless about how it will actually work.Gst may turn out to be as chaotic as dimerisation with the govt proclaiming success and the real picture completely opposite.
    Reply
  4. F
    Fekunomics
    Jul 1, 2017 at 1:45 am
    Why did you, Feku and your party oppose GST for ten long years you hypocrite? Opportunist politician.
    Reply