There could be no better place to launch GST than the historic Central Hall, “which has been witness to the midnight of August 14, 1947, when the country embraced Independence.” PM Modi said.
President Pranab Mukherjee, PM Modi launched GST together. GST will replace a slew of state and central taxes, making India one market.
Welcoming the gathering, Finance Minister Arun Jaitley described GST as the biggest and most ambitious tax reform
GST replaces about 20 indirect taxes at both the Centre and in states while unifying the $2 trillion economy and 1.3 billion people into a single market.
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