Moment of history to repeat itself with GST.
Guwahati/ 21st June’2017 (Prag News Desk): The Indian Parliament’s Central Hall’s historic rendezvous of August 15, 1947 will host another historical moment on June 30-July 1 to bring in the nation’s biggest tax reform – GST.
The Goods and Services Tax (GST) drift will be announced at the stroke of midnight.
An hour-long function will be a preface comprised of contribution made by different political parties and States, paving path to the revolutionary tax regime in the country.
President Pranab Mukherjee steered the first Constitutional Amendment Bill to bring in GST in 2011. He was the Finance Minister in the UPA regime and on 30th June, he will be sharing the podium with Prime Minister Narendra Modi. They will be joined by former Prime Ministers Manmohan Singh and HD Deve Gowda, apart from Vice President Hamid Ansari and Lok Sabha Speaker Sumitra Mahajan.
Other attendees are All Lok Sabha and Rajya Sabha Members of Parliament along with the Chief Ministers and State Finance Ministers will be joining too.
GST is an economical ambition that targets to generate revenues and enhance it for Centre and states for a surplus economic growth. The government promises GST to be a more efficient system that will result in better tax compliance.