GST rollout: Live updates
The Indian government will roll-out the nationwide goods and services tax with a ceremony in Parliament on midnight today.
The GST, an indirect tax, will replace about 20 central and state taxes including central excise and sales taxe, service tax, all forms of entry tax, entertainment and amusement tax.
Many parties including the Congress, Trinamool Congress (TMC), the Left, DMK, Samajwadi Party and the RJD have decided to skip the event in Parliament today, dismissing it as a 'publicity gimmick'. Many such as the TMC feel that the country has rushed into the tax reform and does not have the structures in place to usher GST
Unlike demonetisation, GST is a reform that @INCIndia has championed & backed from the beginning— Office of RG (@OfficeOfRG) June 30, 2017
But like demonetisation,GST is being executed by an incompetent&insensitive Govt w/o planning foresight &institutional readiness #GSTTamasha— Office of RG (@OfficeOfRG) June 30, 2017
With implementation of GST from 1st July 2017, the existing tax payers do not have to apply for any fresh registration: Minister for Transport Nitin Gadkari
At midnight of 30th June, 2017, freedom and democracy stand to face grave danger. The mockery of Inspector Raj is back: Mamata Banerjee
Given the atmosphere in country of vindictively targeting anyone who dares to disagree with the Central government. I am deeply concerned that the arrest clause in GST may well be used to target business leaders who raise voice of dissent on any policy matter/any practices: West Bengal chief minister Mamata Banerjee
A special session of the Jammu and Kashmir assembly is being held from July 4 to discuss the implementation to build consensus over the implementation of GST in the state: ANI
GST will make India a formal, easier and simpler, a more revenue generating economy and one tax, one country economy. Will give a push to 'Make in India': Niti Ayog CEO Amitabh Kant
With a simplified compliance model and free flow of goods and services, Indian Start up & E-commerce scene will get a big impetus: Amitabh Kant
160,000 new businesses register on GSTN (Goods and Services Network) in four days! New businesses have 30 days to register on the GSTN portal beginning June 25: Amitabh Kant
Government spending higher by 55% in April-May. Capital expenditure rose 63% to 54000 Cr fm 33000 cr last yr. Will provide a jumpstart to economy: Amitabh Kant
One major decision which was raised in response to a number of representations against 12% rate, some felt it may increase burden on farmers: Finance Minister Arun Jaitley
Here's the schedule for the mega-event
10:55 pm: President arrives at Parliament House
11:00 pm: President arrives at Parliament's Central Hall
11:01pm: National Anthem to be played, followed by introductory remarks by Finance Minister Arun Jaitley
11:10pm: Presentation on GST
11:15pm: Address by Prime Minister Narendra Modi
11:45pm: Address by the President of India
12:00am: Launch of GST
12:04am: Playing of the National Anthem
12:05am: President leaves
Those who will be present for the launch ceremony include President Pranab Mukherjee, Vice President Hamid Ansari, PM Modi, Finance Minister Arun Jaitley, Former PM HD Deva Gowda, Lok Sabha Speaker Sumitra Mahajan, actor Amitabh Bachchan, industrialist Ratan Tata, former Punjab CM Parkash Singh Badal, National Conference leader Abdul Rahim, former GST Council chairman Sushil Kumar Modi, Former finance minister of West Bengal Asim Dasgpta, Former finance minister of Kerala KK Mani
Also present will be BJP president Amit Shah, former finance minister Yashwant Sinha, RBI Governor Urjit Patel, former governors Bimal Jalan, YV Reddy and D Subbarao, Comptroller Auditor General (CAG) Shashi Kant Pai, former CAG Vinod Rai, TN Chaturvedi, Niti Ayog vice chairman Arvind Panagariya, Metro Man, E Sreedharan, journalist S Gurumurthy, father of the Green Revolution MS Swaminathan, UPSC Chairman David R Syiemlieh, Chairman Central Board of Excise & Customs Vanaja N Sarna and Chairman of Central Board of Direct Taxes Sushil Chandra
Finance minister Arun Jaitley addresses media after 18th meeting of the GST Council.
Next three GST Council meeting will be on 1st Saturday of the month starting from August.
Addressing media after 18th meeting of the GST Council, Delhi, June 30, 2017 https://t.co/NxEUSmHtGu— Arun Jaitley (@arunjaitley) June 30, 2017
Next three GST Council meetings to be held on the first Saturday of the month starting from August 2017: ANI
Kashmir Traders and Manufacturers Federation call for bandh and protests across the Valley against the implementation of GST in the state: Reports
Prominent trade bodies and civil society members have threatened to launch a “civil disobedience movement” if the state government goes ahead with implementing GST
The J&K government is demanding a say in the imposition of taxes by the GST Council. It wants safeguards for protection of Section 5 of the J&K Constitution which gives powers to it to impose taxes. The state government wants a Presidential order to be issued under Article 370 which accords it special powers to legislate on financial matters
Joint session of Parliament to begin at midnight. MPs to mark the beginning of the new tax regime.
Only three midnight sessions of the Parliament have been held till date
Lawmakers arrive in Parliament to celebrate launch of GST
Lawmakers arrive in Parliament to arrive launch of GST
PM Modi arrives in Parliament
Vice President Hamid Ansari arrives in Parliament
22,000 light bulbs at Parliament House. (Image source: Iftikhar Gilani, DNA) (DNA)
Arun Jaitley opens the GST rollout session in Parliament's Central Hall.
The new India will create one tax, one nation and one market: Arun Jaitley
Former Prime Minister Manmohan Singh skips GST launch event owing to Congress' boycott of the ceremony
The present GST is the result of a long period of debates and discussions. It is an example of cooperative federalism. It is an example of Team India's collective effort.
There was a great deal of doubt but we have managed to overcome all difficulties.
Sardar Vallabhai Patel united the country politically by integrating all the princely states into the Indian Union and with the implementation of GST, the country is being unified once again economically.
Because of myriad of taxes, same commodity is available at different prices in different states but this confusion will be dealt with by the introduction of GST. Because of entry tax, trucks had to wait for long hours and perishable goods were at greater risk of getting spoilt but all this will end because of GST.
GST is a system that will end corruption and engender transparency and good governance
The introduction of GST will not put any burden on common man. This new tax system will prove beneficial for the people.
I hope the traders will pass on the benefits from GST to the common man
I want to tell the skeptics that with a little effort we can adjust to the new system. GST has had a positive impact on global investor community.
GST will provide opportunity to those states that have been lagging behind to grow at a faster pace
GST will play an important part in achieving the goal of 'New India' by 2022
GST is a tax for New India, it is an economic reform and a social reform too
GST is "good and simple tax": PM Modi
I express my thanks to the President of India to all those associated with the process of making GST a reality
President of India Pranab Mukherjee is now speaking on GST
As finance minister in the previous government, I am privy to the amount of debates and discussions that were undertaken with state finance ministers and chief ministers. I was confident that GST was a matter of time.
GST is a culmination of 14-year-long process which was first mooted by the Kelkar special task force
After the Constitutional amendment was passed last year, a GST Council was formed which has representatives from the Centre and the states. There were a total of 18 meetings and I congratulate the Council for completing the task of fixing the taxes on time.
GST is the result of political consensus among different parties who have bridged their difference to come together on one platform
GST will also make exports more competitive
Under GST, tax incidence will be transparent
GST is similar to the introduction of VAT when there was initial resistance
At the midnight hour, with the chants of "Bharat Mata ki Jai", GST is now a reality