India's Historic Moment
Historic moment is few moments away. The goods and services tax (GST) will come into force on 1 July. The GST will replace the existing complex tax system with Goods and Services Tax (GST). GST is expected to integrate the whole of the country into a single portal which is expected to increase state and federal tax revenues. This is a major simplification which will help India in the long run.
All shopping centres in the country were unusually busy as the retailers were offering discounts to draw shoppers to their outlets. Retailers want to minimise their pre-GST inventory before the goods and services tax (GST) kicked in.
Parliament right now! Get ready #India for a revolutionary economic reform. #GST #MidnightGSTLaunch #GSTForNewIndia #gstrollout pic.twitter.com/40doREkx7Q
— Vijay Goel (@VijayGoelBJP) June 30, 2017
I think India will grow faster, better, economy will be benefited, all the states will be benefited: Devendra Fadnavis, Maharashtra CM #GST pic.twitter.com/2egIhV2WKx
— ANI (@ANI) June 30, 2017
