GST rollout: PM Modi says new tax regime will help prevent black money, promote new governance culture

GST rollout: "India is an example of cooperative federalism. It is the result of long and continuous thought process," the Prime Minister said ahead of the launch during a special ceremony in the Central Hall of Parliament.

By: Express Web Desk | New Delhi | Updated: July 1, 2017 12:40 am
GST rollout, PM narendra modi, Goods and Services Tax, single market, Indian Express New Delhi: Prime Minister Narendra Modi addresses the special ceremony in the Central Hall of Parliament for the launch of ‘Goods and Services Tax (GST)’, in New Delhi on Saturday. The GST comes into effect on Saturday after the midnight. (PTI Photo / TV GRAB)

As the country witnessed the introduction of Goods and Services Tax (GST) at the stroke of midnight, Prime Minister Narendra Modi reiterated that the indirect tax regime was a shining example of cooperative federalism and that it would help in preventing the menace of black money and corruption. “India is an example of cooperative federalism. It is the result of long and continuous thought process,” the Prime Minister said ahead of the launch during a special ceremony in the Central Hall of Parliament.

“GST is a transparent and fair system that prevents black money and corruption and promotes new governance culture,” said PM Modi, highlighting that the GST was a result of combined efforts of all political parties. “GST is a result of a long thinking; all states along with Centre discussed for years,” he said.

Invoking Sardar Vallabhai Patel, the country’s first home minister, Modi said, “the GST is an economic integration of India just like what Sardar Vallabhbhai Patel had done decades back to integrate the country.”

Listing out benefits of GST, the prime minister said it would bring an end to the long wait at toll plazas with GST integrating 31 states and Union Territories as one. He stated that GST has the potential to end harassment at hands of officers and expressed hope that traders would transfer its benefits to consumers. “GST is a good and simple tax regime that will eliminate the compounding effects of multi-layered tax system,” he said.

Touted as the most sweeping tax reform since Independence, GST will subsume more than a dozen central and state levies and bring the country under a common market, simplifying the tax structure and ensuring greater compliance. The GST has four tax slabs–5, 12, 18 and 28 per cent.

After addressing the ceremony, President Pranab Mukherjee, PM Modi pressed button to officially launch the GST. Among the host of dignitaries who were on the dais included Vice-President Hamid Ansari, Finance Minister Arun Jaitley, Speaker Sumitra Mahajan and former prime minister H D Deve Gowda.

However, the Opposition tonight stood as a divided house as the JD(U), the NCP, the BJD, the Samajwadi Party and Janata Dal (S) participated in the midnight launch of the GST, which was boycotted by the Congress, the Trinamool Congress, the Left and some other parties.

With inputs from PTI

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  1. Ram Deshpande
    Jul 1, 2017 at 7:32 am
    Sir Modijis our beloved PM and Sir Arun Jetaly ji congratulations for rolling out GST one of the greatest economic reform for our nation India.Party BJP is succesful in bringing this reform. One tax one Nation is accepted by all Indians gladly.Now responsibility of govt is increased.Every bady wants VIKAS .The people of India have belief in you and your govt.The policies are nice implementation is necessary. Good governance.Jai Hind Jai Kisan.Ram Deshpande Narayanguda Hyderabad.
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    1. Vinod Sethi
      Jul 1, 2017 at 5:32 am
      The people of India have been subjected to more extortion. The service tax has been increased to 18 from the 15 and I don't think that any relief has been provided to the people. The tax rate is as high as 28 in certain cases. The petrol, in particular, has been left out as the people are being extensively being robbed in the name of tax which is more than double the reasonable price of the petrol. Govt is in a hurry to extort as the whole exercise is aimed at killing the people with the burden of tax in the name of GST.
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        t d
        Jul 1, 2017 at 5:08 am
        Any new policy may have some flaws but the Government's GST is a Policy in right direction to achieve many good results such as Accountability, honesty, an put a stop to many who evade taxes and resort to acts like exploitation, corruption. amassing ill-gotten wealth etc ctc. It is unfortunate that few parties do not like these very ideas.
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        1. Mohamed Abdul Khader
          Jul 1, 2017 at 4:49 am
          #GST #Tax Middle class -> Poor, Poor -> Very Poor Fan 28 . Mixie 28 . Grinder 28 . Laptop 28 Washing Machine 28 . Shaving Blades 28 . Bike 28 . Paint 28 . Sampoo 28 . Deodorant 28 . Water 18 . Biscuit 18 . Software 18 . Medicine 12 . Pencil 12 . Note books 12 . Aluminium utensils 12 . Tooth paste 12 . Pizza 5 . Gold 3 . Diamond 0.25
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          1. Y
            YPG
            Jul 1, 2017 at 3:54 am
            Well done Mr. Modi. At least you care for the country.
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