GST rollout, launch in India: New tax regime to make India a simpler, more revenue generating economy, says NITI Aayog’s Amitabh Kant

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New Delhi | Published: June 30, 2017 6:41:21 PM

GST rollout, launch in India: "GST will make India a formal, easier & simpler, a more revenue generating economy & 1 tax, 1 country economy.

GST, GST rollout, GST launch in india, GST india, arun jaitley, Narendra Modi, gst midnight ceremony, Congress, GST boycott, GST boycott by opposition, new tax regime, new taxation policy,Central GST Act, GST law, MakeinIndia, Amitabh KantGST rollout, launch in India: Niti Aayog CEO Amitabh Kant today said implementation of Goods and Services Tax (GST) will make India a formal, easier and simpler, and a more revenue generating economy.

GST rollout, launch in India: “GST will make India a formal, easier & simpler, a more revenue generating economy & 1 tax, 1 country economy. Will give a push 2 #MakeinIndia,” Amitabh Kant said in tweet. Niti Aayog CEO Amitabh Kant today said implementation of Goods and Services Tax (GST) will make India a formal, easier and simpler, and a more revenue generating economy.

“GST — with a simplified compliance model & free flow of goods & services, Indian Startup & E-commerce scene will get a big impetus,” he added. In another tweet, Kant said, “Artificial Intelligence will add $15.7 trillion to global economy by 2030 – more than the combined output of China & India – PwC.” GST will be rolled out nation-wide from midnight tonight, overhauling India’s convoluted indirect taxation system and unifying the over USD 2 trillion economy with 1.3 billion people into a single market.

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