1. GST rollout, launch in India: Initial hiccups can be addressed, says Union minister M Venkaiah Naidu

GST rollout, launch in India: Initial hiccups can be addressed, says Union minister M Venkaiah Naidu

GST rollout, launch in India: Union minister M Venkaiah Naidu today said there would be some initial hiccups in rolling out the Goods and Services Tax (GST), but those can be addressed.

By: | New Delhi | Published: July 1, 2017 12:04 AM
GST rollout, GST launch in India, Gst in India, GST, new tax regime, tax in india, indian economy, tax, tax rates, new tax rates, vat, value added tax, latest news, modi government, indian government, latest updates, indian government GST rollout, launch in India: GST is going to bring great relief to people. I appeal to those working in the real estate to pass on to buyers the message of benefits of this tax. (Website)

GST rollout, launch in India: Union minister M Venkaiah Naidu today said there would be some “initial hiccups” in rolling out the Goods and Services Tax (GST), but those can be addressed. “GST is going to bring great relief to people. I appeal to those working in the real estate to pass on to buyers the message of benefits of this tax,” Naidu said after launching the new DDA housing scheme at the Nirman Bhawan here. “In bringing out any reforms, there will be initial hiccups, but those can be addressed. The GST on one side and the RERA (Real Estate Regulation and Development) Act) on the other, will bring great relief and are a great combination. It will bring transformation and reform in the sector,” the minister said.

Naidu also said issues and concerns of various states have been “identified and addressed”. “I can assure people that any problem can be addressed through the GST council,” he said. On the timing of the rollout — the stroke of midnight — he said the NDA dispensation is a “24×7 government”. “It is a government functioning 24×7, day and night on bringing reforms.” He said the launch event is is not just a function, but a “pious programme”. “It has taken 17 years and three regimes, of (Atal Bihari) Vajpayee ji, Manmohan Singh ji and now of Narendra Modi bhai. It is not a BJP or the NDA thing, all parties are involved,” Naidu said.

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He said there was no need for any concern, and going by collective wisdom of all the states, we are moving towards “one nation, one tax”. The nationwide Goods and Services Tax (GST) will be rolled out from midnight tonight, overhauling India’s convoluted indirect taxation system and unifying the USD 2 trillion economy with 1.3 billion people into a single market.

  1. P
    Poda De
    Jul 1, 2017 at 2:33 am
    It is strange and shocking that opposition parties rallied round the Italian tongues of Congress who are like solar lunar eclipses hell-bent on masking India's progress !
    Reply

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