GST PM Modi Speech Highlights
The Goods and Services Tax, which is aimed at a country-one tax, last night, GST came into effect in the Central Hall of Parliament. Here’s GST PM Modi Speech Highlights. Prime Minister said “The launch of GST sets path for India’s future journey.” PM Modi presented special examples of Geeta Chanakya Einstein at the special midnight Parliament session, he said “It is coincidence that even Gita has 18 chapters and after 18 meetings of the GST Council, the tax reform is becoming a reality”.
GST PM Modi Speech Highlights
Emphasized by the government as the major tax reform since the time of Independence, the GST is formed to enhance the growth of the country and erase local taxes that add to overhead costs and helps in managing the businesses in proper manner. Under GST, foodgrains, cereals and vegetables have been zero rated; other rate slabs are 5%, 12%, 18% and 28%.
Narendra Modi GST Parliament Speech Highlights
11:57 pm: President Pranab Mukherjee sounded the gong and GST has been put into practice. This was the significant moment for India.
11:55 pm: President says that GST is similar to VAT, there was initial apprehensions and teething troubles. but the Council has ensured that this work is done
11:52 pm: President Pranab Mukherjee says it is amazing that all verdict on GST were taken in consensus and no voting was involved.
11:51 pm: President says GST is the culmination of a 14 year-long journey that began with the Kelkar Committee report in 2002
11:50 pm: Pranab Mukherjee says he was personally involved in the design & execution of GST as the then Finance Minister.
11:48 pm: President Pranab Mukherjee is now speaking. The rollout will take place in not more than 10 minutes now.
11:47 pm: Prime Minister says GST stands for ‘Good and Simple Tax’, before finishing his speech.
11:46 pm: PM Modi ended his speech by thanking the dignitaries and ask President Pranab Mukherjee to takeover.
11:45 pm: PM says GST will not only simplify the process of doing business but will also improve the way of doing business.
11:43 pm: PM Modi says GST will play a crucial role in accomplishing the goal of New India.
11:41 pm: PM Modi showed his concerned for the people who want to invest in India and said GST will make it easier for them to understand the investment conditions.
11:39 pm: PM Modi says Scope of GST is limitless to financial system, our country will now move in a proficient direction.
11:37 pm: PM Modi says even after 70 years of Independence, we have not been able to offer all facilities to the poor. After the launching GST, things will become easier for them.
11:34 pm: PM says GST is not just a regular taxation system but will erase corruption and black money. He added that GST will also help us set up a new category of governance.
11:32 pm: PM Modi said, today we are moving ahead. India is moving towards an advanced taxation system through Goods and Service Tax.
11:29 pm: PM said, 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: PM says attaining a consensus for GST wasn’t easy. PM referred to 1947 as tryst.
11:24 PM: PM Modi says GST is not the accomplishment of any single government but a result of collective attempt of all.
11:23 PM: PM 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.
11:19 PM: PM Modi said that GST is a big advancement to cooperative federalism.
11:18 PM: He thanked all the dignitaries for their presence in the event and welcomed them for the event.
11:16 PM: PM Narendra Modi has started his speech. He commenced by saying that tonight we will make a decision to open a new path for the future of India.
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 their presence in the event.
11:14 PM: Prime Minister Narendra Modi arrived for the event
11:11 PM: Arun Jaitley said, Central government and states will work together pleasantly for shared prosperity. He added that GST will create one tax, one market for one nation.
11:09 PM: Arun Jaitley says neither state nor Centre government gave up its sovereignty during the procedure.
11:07 PM: He added that GST will begin a new journey for India.
11:05 PM: Arun Jaitley says GST is a significant achievement for India.
11:02 PM: Finance Minister Arun Jaitley has commenced the proceedings. He begins by welcoming the Prime Minister Narendra Modi and President Pranab Mukherjee.
10:58 PM: The parliament 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 arrived at the Parliament for commencing the event.
10:56 pm: PM Narendra Modi, FM Arun Jaitley, VP Hamid Ansari, LS Speaker Sumitra Mahajan and others at Parliament
10:52 pm: The GST Bhavan in New Delhi has been lit up for the night that will bring changes in Indian economy
10:50 pm: PM Narendra Modi has reached the Parliament. Anand Kumar welcomed him.
10:44 pm: Business Tycoon “Ratan Tata” has reached the Parliament
10:30 pm: Lok Sabha Speaker Sumitra Mahajan also attended the inauguration event and Vice President Hamid Ansari on the dais.
10.00 pm: President Pranab Mukherjee addressed the Parliament at 11.45 pm.
9:50 pm: Prime Minister Narendra Modi addressed the Parliament at 11.15 pm.
09:45 pm: The rollout graced by President Pranab Mukherjee, along with Prime Minister Modi.
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