Cabinet appreciates cooperation on GST

NEW DELHI: Days ahead of the rollout of the goods and services tax ( GST), the Union Cabinet passed a resolution expressing gratitude to the chief ministers of all states and others for their cooperation in the introduction of the new regime.

“GST is a shining example of national integration and of fiscal federalism at its best.

It is a testimony to the working of India’s federal democracy. It has been made possible because of close cooperation between the Central Government and all the State Governments as well as all political parties,” the government said in a statement on Thursday, calling it the biggest tax reform in independent India.

“This game-changing reform will result in significant ease of doing business as well as reduction in the overall tax burden on the consumers and the common people,” the government said. GST is set to be rolled out from July 1.