New Delhi, April 23:
Prime Minister Narendra Modi today said the consensus on Goods and
Services Tax (GST) reflects the spirit of ‘one nation, one aspiration,
one determination’.
“The consensus on GST will go down in history as a great illustration of
cooperative federalism. GST reflects the spirit of ‘One nation, One
aspiration, One determination’,” an official statement quoted Modi as
saying.
The Prime Minister was delivering his opening remarks at the third meeting of the Governing Council of the Niti Aayog.
According to the statement, the Prime Minister also said GST shows the strength and resolve of the federal structure.
Modi gave credit to all the chief ministers for coming on one platform
for GST, keeping aside ideological and political differences.
President Pranab Mukherjee on April 13 gave his assent to four key
legislations on GST. The government plans to roll out the new indirect
tax regime from July 1.
GST, the biggest taxation reform since Independence, will subsume
central excise, service tax, Value Added Tax (VAT) and other local
levies to create a uniform market.
