Modi calls GST Good and Simple tax: 11 things prime minister said about India's landmark tax

In the making since 2000, the Goods and Services Tax (GST) got a big endorsement from PM Modi, who called it India's biggest move since Independence.

Modi calls GST Good and Simple tax: 11 things prime minister said about India's landmark tax
In the making since 2000, the Goods and Services Tax ( GST) got a big endorsement from Prime Minister Narendra Modi, who called it India's biggest move since Independence.

In his speech before the big launch at Parliament's central hall, Modi recalled Jawaharlal Nehru's tryst with destiny speech, calling the venue the perfect launchpad for GST that would make India independent of multiple taxes that stymie business and the country's economy.

Here is what is PM said:

1) GST is not just a tax reform, but a step towards economic reform

2) GST has potential to end harassment at hands of officers; hope traders will transfer its benefits to consumers

3) GST has united country the way Sardar Patel had done post independence
ADVERTISEMENT

4) Different taxes confused foreign investors, we are getting rid of that

5) GST will be a mechanism that would check the corrupt and give opportunities to the honest. It will also give us an opportunity to us for better governance

6) We are getting rid of a plethora of economic hurdles and hindrances with GST

7) GST is not an achievement of a single govt but a result of collective efforts
ADVERTISEMENT

8) This new system will benefit the poor: PM

9) GST is a catalyst will fix the imbalance in India's trade system
ADVERTISEMENT

10) GST will end tax terrorism and Inspector Raj

11) I will call GST Good and Simple tax
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Politics › Modi calls GST Good and Simple tax: 11 things prime minister said about India's landmark tax
Text Size:AAA
Success
This article has been saved

*

+