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The GST (Goods and Service Tax) has been termed as a great reform achievement of the GOI (Government of India) by Takehiko Nakao, the president of Asian Development Bank. But he also suggested that the upcoming tax regime in the country could also cause challenges on account of some factors such as the multiplicity of tax rates.
The government has issued notification for the implementation of Central Goods and Service Tax (CGST) regime from 1st July and clarified that the new indirect taxation regime is absolutely correct.
GST is about to launch in few hours and the nation is just waiting for this biggest transition wholeheartedly. The GST grand event is scheduled to be in the central hall of parliament where the imminent personalities of politics, as well as Bollywood, will get together to see the transition in personnel.
A blazing event in the historically important Central Hall of Parliament will be filled up with all those big names in politics and power today midnight on the eve of launching the India’s biggest tax reform i.e. Goods and services tax with a bell to sound a great initiative for a prosperous economy.
Well – renowned businessmen of Reliance Group Industries, Anil Ambani says that Goods and Service Tax Regime (GST) which is going to be rolled out from 1st July is not just another piece of reform or transfor but our economic freedom. New GST regime would make the country independent and democratic market in the history of mankind.
Congress President Sonia Gandhi interacts with former Prime Minister Manmohan Singh today for the discussion whether that Congress party will attend the event of midnight 30th June or not. And on this issue, Partys senior spokesperson Satyavrat Chaturvedi said, the Congress will not attend the special GST meeting on its implementation.
Goods and Service Tax (GST), the biggest tax reform since Independence is to be implemented from 1st July. It is a great initiative towards the partial taxation scheme and it is done with the help of each and every centre and state officials help.
The government has tried all sorts of implementation and improvement strategies with the goods and services tax and now the government along with the finance ministry installed a mini War-room within the premises of finance ministry department.
The United States President Donald Trump appreciates the Modi government for taking the bold step of launching Goods and Service Tax (GST) Regime in India from 1st July. And stated that it will also create “great new opportunities” for the country.
