Narendra Modi GST Parliament Speech Highlights: GST will end ‘Tax Terrorism’ and ‘Inspector Raj’, says PM

By: |
New Delhi | Updated: July 1, 2017 12:08:06 AM

Narendra Modi GST Parliament Speech Highlights: Central government and states will work together harmoniously for shared prosperity, says Arun Jaitley while adding that GST will create one tax, one market for one nation.

Narendra Modi GST Parliament Speech Live Update, Narendra Modi GST Parliament Speech, Modi GST Parliament Speech, GST Parliament session live, modi gst parliament session updates, gst, goods and services taxt, modi gst parliament, parliament gst session, modi parliament sessionNarendra Modi GST Parliament Speech Highlights: PM during his Parliament speech. (Source: ANI/Twitter)

Narendra Modi GST Parliament Speech Highlights: The GST was made live in the presence of PM Narendra Modi and President Pranab Mukherjee in the Parliament on June 30. The Prime Minister addressed a special midnight Parliament session at the launch of the new tax regime. However, a number of political parties opposed the timing of the move and boycotted the session. A number of parties, including Congress, Trinamool Congress, Samajwadi Party, Rashtriya Janata Dal and the Left decided to skip session and PM Modi’s speech. GST, the historic tax reform, is aimed to simplify a web of taxes, regulations and border levies by subsuming an array of central and state levies including excise duty, service tax and VAT. While Opposition parties have spoken against the GST, the central government and its ministers have appealed to Opposition parties to reconsider their move. Apart from PM, President Pranab Mukherjee and FM Arun Jaitley also addressed the Parliament.

Narendra Modi GST Parliament Speech Highlights:

11:57 PM: President Pranab Mukherjee sounded the gong and GST has been implemented. Historic moment for India.

11:52 PM: President Pranab Mukherjee says it is remarkable that all decisions on GST were taken in consensus and no voting was involved.

11:50 PM: Pranab Mukherjee says he was closely involved in the design & implementation of GST as the then Finance Minister.

11:48 PM: President Pranab Mukherjee is now speaking. The rollout will take place in less than 10 minutes now.

11:47 PM: GST stands for ‘Good and Simple Tax’, said the Prime Minister before ending his speech.

11:46 PM: PM Modi concluded his speech by thanking the dignitaries and ask President Pranab Mukherjee to takeover.

11:45 PM: PM said GST will not only ease the process of doing business but will also improve the way of doing business.

11:43 PM: GST will play an important role in achieving the goal of New India, says PM Modi.

11:41 PM: Talking about the people who want to invest in India, PM Modi said GST will make it easier for them to understand the investment climate.

11:39 PM: Scope of GST is unlimited to financial system, India will now move in a new direction, says PM Modi

11:37 PM: Even after 70 years of Independence, we have not been able to provide all facilities to the poor, says PM Modi. He said after the introduction of GST things will become easier for them.

11:34 PM: PM says GST is not just a simple taxation system but will also help us fight corruption and black money. He added that it will also help us introduce a new type of governance.

11:32 PM: Today we are moving ahead. India is heading towards an advanced taxation system through GST, PM Modi said.

11:29 PM: Now, from Sri Ganganagar to Itanagar and Leh to Lakshadeep, there will be one nation, one tax. Now, this dream of ours will be fulfilled.

11:27 PM: PM says it is a coincidence that Geeta has 18th chapters and GST council also had 18 meetings before the implementation of GST.

11:25 PM: He added that reaching a consensus for GST wasn’t easy. PM referred to 1947 as tryst.

11:24 PM: PM Modi says GST is not the achievement of any single government but a result of collective effort of all.

11:23 PM: He said this is a historic place where Maulana Azad and Sardar Patel struggled for the freedom. And, there cannot be a better place to implement GST than this.

11:21 PM: PM Modi says that the scope of GST is not limited to the financial system.

11:19 PM: PM Modi said that GST is a big boost to cooperative federalism. He added that it is a result of our collective effort.

11:18 PM: He thanked all the dignitaries for attending the event and welcomed them for the event.

11:16 PM: PM Narendra Modi has started his speech. He started by saying that tonight we will decide a new path for the future of the country.

11:15 PM: Arun Jaitley said GST Council met 18 times, and there was never any need for voting, because of the unanimity. He thanked everyone for attending the event.

11:14 PM: This is how Prime Minister Narendra Modi arrived for the event:

11:11 PM: Central government and states will work together harmoniously for shared prosperity, says Arun Jaitley while adding that GST will create one tax, one market for one nation.

11:09 PM: Arun Jaitley says neither state nor Centre gave up its sovereignty during the process.

11:07 PM: The Finance Minister added that GST will begin a new journey for India.

11:05 PM: Arun Jaitley says GST is an important achievement for the country.

11:02 PM: Finance Minister Arun Jaitley has started the proceedings. He begins by welcoming the Prime Minister Narendra Modi and President Pranab Mukherjee.

10:58 PM: The house is packed for the event. We are just moments away from the historic moment that will shape the Indian economy.

10:57 PM: President Pranab Mukherjee has reached the Parliament for the event.

10:56 PM: PM Narendra Modi, FM Arun Jaitley, VP Hamid Ansari, LS Speaker Sumitra Mahajan and others at Parliament

(Source: ANI/Twitter)

10:52 PM: The GST Bhavan in New Delhi has been lit up for the night:

(Source: ANI/Twitter)

10:50 PM: PM Narendra Modi has reached the Parliament. He was welcomed by Anand Kumar.

10:44 PM: Business Tycoon Ratan Tata has reached the Parliament for the historic session:

(Source: ANI/Twitter)

10:40 PM: Here are the visuals from the Parliament. It’s a packed house:

10:30 PM: The inauguration event will be attended by Lok Sabha Speaker Sumitra Mahajan and Vice President Hamid Ansari will also be on the dais.

10.00 PM: President Pranab Mukherjee will address the Parliament at 11.45 pm.

9.50 PM: Prime Minister Narendra Modi will address the Parliament at 11.15 pm.

09.45 PM: The rollout is to be graced by President Pranab Mukherjee, along with Prime Minister Modi.

9.38 PM: Earlier in the day, Prime Minister Narendra Modi inaugurated ‘The Arena’, one of the most advanced integrated multi-purpose stadiums and the launch event of Textile 2017.

9.34 PM: Prime Minister Narendra Modi is all set to speak at GST roll-out event. The address will be Prime Minister’s third in the day, as the PM has already spoken at two events earlier in the day.


Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Next Stories
1GST rollout, launch in India: July 1 to be observed as GST Day, says Central Board of Excise and Customs
2GST rollout, launch in India: Those opposing new tax regime want to weaken Indian economy, says Raman Singh
3GST rollout, launch in India: Odisha finance minister SB Behera to attend midnight event