Goods and Services Tax (GST), the biggest fiscal reform India has seen since Independence, will kick in on July 1.Prime Minister Narendra Modi just arrived at the Parliament for the launch.In an unprecedented move, the Parliament will hold a midnight joint session to mark the historic move.Moreover, members of both houses will be busy during the day as 23 Parliamentary committees will meet to iron out the final shape of GST.However, the Opposition is playing hardball and will not be part of the midnight joint session of Parliament. In fact, only a representative of Nitish Kumar’s JD(U) is attending the meet from the other side. Finance Minister Arun Jaitley has already asked members of the Congress and other parties to join the historic gathering.While the Congress has called the event a “publicity gimmick” and “tamasha”, the Trinamool Congress had already announced its decision to boycott. Opposition parties like the Samajwadi Party, Rashtriya Janata Dal and the Left will also stay away.
Here are GST rollout LIVE updates:
00.04 am: Amit Shah: Congratulations to PM Narendra Modi and FM Arun Jaitley for implementing historic, long pending and much needed tax reform – GST
00.02 pm: GST, India’s biggest ever tax reform, launched in Parliament’s Central Hall
11.57 pm: GST will be administered through a modern world-class information technology system, says President
11.56 pm: The new era in taxation is the result of a broad consensus arrived at between Centre and States, says President
11.55 pm: It is a tribute to the maturity and wisdom of India’s democracy, says President
11.54 pm: GST will make exports more competitive & also provide a level playing field to domestic industry to compete with imports, says President
11.53 pm: Under GST, the tax incidence will be transparent, enabling full removal of tax burden on exports, says President
11.52 pm: Remarkable that all decisions in GST council meets were taken with Consensus
11.51 pm: I had the privilege of giving assent to the Constitution One Hundred and First Amendment Act, says President
11.50 pm: Most chief ministers had a constructive approach to the idea of GST, says President
11.49: I was closely involved in the design & implementation of GST as the then Finance Minister, says President
11.47 pm: Introduction of GST is a momentous event for the nation, says President
11.46 pm: This is a culmination of a journey which began in 2002, says President
11.45 pm: GST in simple terms is good and simple tax, says PM Narendra Modi in Parliament’s Central Hall.
11.44 pm: Ram Gopal Yadav of SP has a health issue. Is helped out of Central Hall. Ambulance being called in to Parliament.
11.43 pm: In 2022, India will complete it’s 75 years of independence, we are approaching to it with the dream of New India.
11.41 pm: All the states of Country will have a equal opportunity to develop, says PM Narendra Modi
11.38 pm: I request people not do to doubt, but walk along in Country’s path, says PM Narendra Modi
11.36 pm: Scope of GST is unlimited to financial system, India will now move in a new direction, says PM Modi
11.34 pm: GST is an example of strength of ‘Team India’, it is becoming a reality tonight, says PM Narendra Modi
11.33 pm: In simple terms, GST is the most meaningful for country’s poor, says PM Narendra Modi
11.31 pm: Through GST, country is heading towards a modern tax regime, says PM Narendra Modi
11.29 pm: GST possible due to continuous work and discussions by GST council, says PM Modi
11:27 PM: Now, from Ganganagar to Itanagar and Leh to Lakshwadeep, there will be one nation, one tax. Now, this dream of ours will be fulfilled.
11.25 pm: Albert Einstein said Income Tax is the hardest thing ever to understand, wonder what he would have said if he had been here, says PM Narendra Modi.
11.24 pm: PM says Geeta has 18 chapters and today was the 18th meet of GST council.
11.23 pm: PM Narendra Modi says GST implementation is quintessential of cooperative-federalism.
11.22 pm: Today, after many years, this pious place (Central Hall) is the best for GST implementation: PM Modi
11.21 pm: 9 December, 1946, Parliament witnessed a historic day in this very Central Hall: PM Narendra Modi
11.20 pm: GST is not achievement of single party or government, it is an outcome of collective effort: PM Modi
11.19 pm: “We will decide way forward for country this midnight,” says PM Modi
11.18 pm: PM Narendra Modi begins his address.
11.16 pm: GST Council met 18 times, and there was never any need for voting, because of the unanimity, says FM Jaitley
11.15 pm: We have assembled today on an important journey moment in the journey of our great nation, says FM Jaitley
Countdown to GST Roll-out begin, PM Narendra Modi to address nation at 11.15 pm
11.12 pm: Have implemented a large tax reform marking high point of Indian politics, says FM Jaitley
10.17 pm: Here’s a cartoon from our newspaper this morning!
10:21 pm: GST will be a big platform to improve the economic situation of farmers, labourers, says Ananth Kumar.
10:29 pm: Ratan Tata reaches Parliament to attend GST launch
10:52 pm: GST Bhavan lights up ahead of GST rollout.
10:40 pm: PM Narendra Modi arrives for GST launch in Parliament.
The launch event was started at 11 pm on June 30 and extend into the midnight, coinciding with the rollout of the Goods and Services Tax (GST) regime. Bollywoodstar Amitabh Bachchan and industry doyen Ratan Tata will also be in attendance during the GST rollout.
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