New Delhi: India launched its ambitious pan-India indirect tax regime, the Goods and Services Tax (GST) at the stroke of midnight hour to bind the country into a regime of "one nation, one tax, one market".
At a gala event to launch the Goods and Services Tax (GST) at the historic Central Hall of Parliament, Modi said the indirect tax reform is a result of combined efforts of various political parties at different points of time.
Prime Minister said even eyes have to adjust for a couple of days when a sight corrective spectacles are worn.
Here are 5 top quotes of PM Narendra Modi at special midnight session of parliament to launch GST
Modi described the GST as `Good and Simple Tax` -- good because there will be no tax on tax and simple because there will be only one form of tax.
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The roll out of GST is the best example of cooperative federalism and success of Indian democracy.
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The GST process cannot be confined to just economic system but was a collective effort of all.
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Today, the GST Council had its 18th meeting. It is a coincidence that the Bhagavad Gita also has 18 chapters.
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Albert Einstein had once said that if there is one thing that is most difficult to understand, it is income tax. I wonder what he would have said had he seen our tax system.
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With Agency Inputs
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