GET Stock QuotesNews18 APP
News18 English
LIVE NOW
auto-refresh

GST Launch Live: Midnight Gong Launches India's Biggest Tax Reform

News18.com | July 1, 2017, 12:11 AM IST
facebook Twitter google skype
The GST is here. The midnight gong announced its arrival. The President and Prime Minister hailed the single biggest tax reform. This is not the work of a single party or government, this is our collective achievement, said PM Modi.

Stay tuned for LIVE updates:
Read More
Jul 1, 2017 12:01 am (IST)
Pranab Mukherjee continues to speak even as the gong went off. 
 
Jun 30, 2017 11:59 pm (IST)

Pranab Mukherjee addresses the nation

The GST Council has surprised everyone by completing its task on time. GST is a product of broad consensus, a tribute to the maturity of Indian democracy. "GST will provide a level-playing field to the domestic industry." It will subsume a lot of taxes at the state level and make things simple. GST will also make our exports more competitive. The GST will be monitored by a state of the art I-T system.  It will give a strong incewntive to buyers to buy and sellers to sell.

Jun 30, 2017 11:56 pm (IST)

"I was closely involved in the formulation of the GST. I was confident that the GST was just a matter of time, it would be passed eventually. GST is a joint forum for the Centre and states, where neither can unilaterally take decisions," says Pranab Mukherjee. 

Jun 30, 2017 11:53 pm (IST)
trong>

"In a few minitues from now, we will have a unitary tax in the country. It has been a 14-year journey, which began in Kolkata," he says.  

GST was first proposed in FY 2006-07. The empowered committee released the first discussion paper in 2007. The GST launch is momentous, it is significant for me because I worked for its implementation during my time as finance minister of this country. 

Jun 30, 2017 11:52 pm (IST)
Jun 30, 2017 11:50 pm (IST)

Prime Minister Narendra Modi thanks President Pranab Mukherjee and all the dignitaries for their presence.  He invites President Mukherjee to address the nation.  

Jun 30, 2017 11:48 pm (IST)

GST is like the railways, a united endeavour of the Centre and states. "GST will pay a key role in the development of a new India."  GST is not just a tax reform but an economic and social reform, too. 

Jun 30, 2017 11:46 pm (IST)

"GST is a catalyst to ending the inequality among people and states. It will give opportunities to less developed states such as  UP, Bihar to catch up with other developed states," says PM Modi. 

Jun 30, 2017 11:44 pm (IST)
Jun 30, 2017 11:44 pm (IST)

As we expand horizontally, we need to ensure vertical growth as well.  GST will end grey areas in bureaucracy. "GST is so simple that a class 12 student can help merchants file returns. It is time to stop the rumour bazaar. It is a time we concentrated on the development and betterment of this country."

Jun 30, 2017 11:42 pm (IST)
Jun 30, 2017 11:41 pm (IST)

GST is something which is easy and transparent. It is something which will stop black money and will ecourage honesty, says PM Modi. "GST will end inspector raj. There is minimal structure to GST which means that there will be a minimum burden on people," he adds. 

"There are a lot of big words attached to GST, but it is very simple, it will help the poor people of the country."

Jun 30, 2017 11:38 pm (IST)

The country is moving forward due to a modern taxation system under the GST: PM Modi

Jun 30, 2017 11:37 pm (IST)

"The number of taxes have caused confusion in this country. Now we are free of that. GST is beyond economics, says PM Modi

Jun 30, 2017 11:36 pm (IST)

Albert Einstein said the most difficult thing to understand is the income tax. If he was here, he would ask what is happening, says PM Modi.

Jun 30, 2017 11:34 pm (IST)

GST Council and Bhagwatgita have 18 in common, says PM Modi. 

Jun 30, 2017 11:34 pm (IST)

"Just as Sardar Vallabh Bhai Patel unified India by helping several princely states subsume into a common entity, the GST will bring economic unification." 

Jun 30, 2017 11:32 pm (IST)

I want to congratulate the GST council and all those who took the tax reform forward. Whoever forms future governments, they will abide by the pro-poor principal of the GST, says PM Modi. 

Jun 30, 2017 11:30 pm (IST)

GST is an example of cooperative federalism, says PM Modi. 

Jun 30, 2017 11:30 pm (IST)

The constituent assembly lasted for a long time. Learned people came from every corner of the country. There were many disagreements, many arguments, but they strove to resolve them through debate. This how the GST was also passed. GST is a product of the best brains of the country.

Jun 30, 2017 11:28 pm (IST)

On November 1949, it was this place, where the Constitution was adopted. And now, we have gathered again at this sacred place for GST rollout. There could not have been a more sacred place: PM Modi  

Jun 30, 2017 11:27 pm (IST)

"Central Hall was always the most sacred place to launch the GST," says PM Modi. 

Jun 30, 2017 11:26 pm (IST)

We are sitting at the spot where on December 9, 1946, the Constituent Assembly met for the first time.

Jun 30, 2017 11:24 pm (IST)

PJ Kurien is also attending the session, but he is deputy chair of the house making it difficult to follow his party's decision to boycott.Former PM Deve Gowda is sitting with the PM.

Jun 30, 2017 11:24 pm (IST)

"I welcome you all to this launch ceremony. I express my gratitude," says PM Modi. "The launch of the GST is not the achievement of a particular party or a particular government, It's a collective achievement."

Jun 30, 2017 11:22 pm (IST)

"With the launch of GST, we are ensuring the progress of the country," says PM Modi. The midnight marks the beginning of a new India. 

Jun 30, 2017 11:20 pm (IST)

Sharad Pawar, LK Advani and Amit Shah are sitting together for the special GST session in Parliament. 

Jun 30, 2017 11:19 pm (IST)

There will be a single flow of goods throughout the country and the GST will help increase the GDP, says Arun Jaitley. Jaitley invites PM Modi to speak.  

Jun 30, 2017 11:17 pm (IST)
The GST Council met 18 times. But not once did the need arise to call a vote on any contentious issue. It is based on the principle of equivalance, no extra burden on the poor: Arun Jailtey. 
 
Load More
GST Launch Live: Midnight Gong Launches India's Biggest Tax Reform
Finance Minister Arun Jaitley, Lok Sabha Speaker Sumitra Mahajan, Vice President Hamid Ansari, President Pranab Mukherjee and Prime Minister Modi in the central hall of parliament launching GST.
  • 17 Nov, 2018 | South Africa in Australia
    SA vs AUS
    108/6
    10.0 overs
    87/7
    10.0 overs
    South Africa beat Australia by 21 runs
  • 16 - 19 Nov, 2018 | Pakistan and New Zealand in UAE
    NZ vs PAK
    153/10
    66.3 overs
    227/10
    83.2 overs
    New Zealand beat Pakistan by 4 runs
  • 14 - 18 Nov, 2018 | England in Sri Lanka
    ENG vs SL
    290/10
    75.4 overs
    336/10
    103.0 overs
    England beat Sri Lanka by 57 runs
  • 11 Nov, 2018 | West Indies in India
    WI vs IND
    181/3
    20.0 overs
    182/4
    20.0 overs
    India beat West Indies by 6 wickets
  • 11 Nov, 2018 | Pakistan and New Zealand in UAE
    PAK vs NZ
    279/8
    50.0 overs
    35/1
    6.5 overs
    Match Abandoned
Loading...
Loading...