Goods And Services Tax

Highlights

GST Launch Highlights: President Pranab Mukherjee, PM Modi Launch India's Biggest Tax Reform

Goods and Services Tax (GST), India's biggest tax reform, was launched at midnight at Parliament's historic Central Hall, by President Pranab Mukherjee and Prime Minister Narendra Modi. With the stroke of the gong, current tax rates are replaced by GST rates.
Jun 30, 2017
17:48 (IST)
With GST, there will be 90% legal transactions: Nitin Gadkari tells NDTV
- Before GST, there were 70% number 1 (legal) transaction, 30% number 2 (illegal) transactions. With GST, there will be 90% number 1 transactions.

- States will get 10-20% more taxes.

- Once more number of people pay taxes, we will eventually get to reduce rates.

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