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Government To Roll Out The Biggest Tax Reform At Midnight
NEW DELHI: Goods and Services Tax (GST), India's biggest tax reform, will be launched at midnight by Prime Minister Narendra Modi at Parliament's historic Central Hall, in the presence of President Pranab Mukherjee. It is the fourth time since Independence that an event will be held there at midnight. The last three celebrated India's Independence and that is among the reasons that the Congress has listed for boycotting the GST launch tonight. Several other opposition parties too are staying away. GST, which replaces a slew of indirect taxes with a unified tax, is set to dramatically reshape the country's 2 trillion dollar economy.
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GST, SGST and then 2-3 types of Tax percentages. How this is going to be a One Tax One Nation ?
Please someone explain this and how Government is justified with this approach. Like in NZ, my thinking was that it will be just one universal percentage.
NEW DELHI: Goods and Services Tax (GST), India's biggest tax reform, will be launched at midnight by Prime Minister Narendra Modi at Parliament's historic Central Hall, in the presence of President Pranab Mukherjee. It is the fourth time since Independence that an event will be held there at midnight. The last three celebrated India's Independence and that is among the reasons that the Congress has listed for boycotting the GST launch tonight. Several other opposition parties too are staying away. GST, which replaces a slew of indirect taxes with a unified tax, is set to dramatically reshape the country's 2 trillion dollar economy.
....................
GST, SGST and then 2-3 types of Tax percentages. How this is going to be a One Tax One Nation ?
Please someone explain this and how Government is justified with this approach. Like in NZ, my thinking was that it will be just one universal percentage.