Goods and Services Tax – GST – Dated:- 1-7-2017 – Honourable President, Respected Vice President, Madam Speaker of Lok Sabha, our Former Prime Minister Shri Devegowdaji, Members of the Council of Ministers, all the other members of the House, and the esteemed conglomerate gathered here representing diverse sectors. In the process of nation building, we often arrive at a moment which leads us to a path breaking juncture and opens up a plethora of opportunities imploring us to aspire for new dreams. At the stroke of the midnight hour today, together we shall ensure a pioneering future of the nation. Within a few moments from now, our nation will embark upon a new economic regime. The entire 1.25 billion citizens of the country are a witness to this historical event. I do not believe that this process of GST is restricted to the scope of economy only. This momentous occasion stands today as a testimony to the concept of Co-operative Federalism in Indian Democracy. This hallmark day was p
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hare the same place of pride. The front seats of this hall were ordained by the iconic national heroes like Pandit Jawaharlal Nehru, Maulana Abul Kalam Azad, Sardar Vallabh Bhai Patel, Baba Saheb Bhimrao Ambedkar, Acharya Kripalani, Dr. Rajendra Prasad, Sarojini Naidu. The same House which once on 14 August, 1947, at the stroke of the midnight hour, witnessed the most pious moment of the nation attaining freedom! On 26th November, 1949, this House stands as a testimony to the historical event when the Constitution was accepted by the nation. Several years later, this House shall once again go down in the annals of history as there couldn t have been a more anointed venue than this for the launch of one of the biggest strength of Federal structure, the GST Reform. Between many a great debates, agreements and disagreements, chalking a new path, adopting the middle path when they would go astray, was born the Indian Constitution! It was an outcome of deliberations which lasted two years,
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ho walked the talk along with the government. My hearty congratulations to all who led this movement towards this milestone! All states are slated to gain immensely as they shall now get equal opportunities of development. GST is in a way is like our railways with state and Centre playing equal role in its operations. While it receives regional support at the state level, yet it is representative of the Indian Railways . The Central Service officers are deputed all over the states and they align the state with the vision of the Centre. GST is the first of its kind system in the country when both Centre and State shall be putting consolidated efforts in the same direction. We shall be proud of this wonderful system for generations to come as GST is a landmark achievement which is bound to take the nation towards exponential growth. Today, GST Council had its 18th meeting and GST would be implemented in a short while from now. Incidentally, the Holy book Gita also has 18 chapters and tod
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llabh Bhai Patel to integrate these Princely states, what would have been the political map of India today? Just as Sardar Vallabh Bhai Patel unified India by helping several princely states subsume into a common entity, the GST will bring economic unification. If we take into consideration the 29 states, the 7 Union Territories, the 7 taxes of the Centre and the 8 taxes of the states, and several different taxes for different commodities, the number of taxes sum up to a figure of 500! Today all those taxes will be shred off to have ONE NATION, ONE TAX right from Ganganagar to Itanagar and from Leh to Lakshadweep. Once Albert Einstein, an eminent scientist had said that the most complex thing to understand in this world is Income tax. I was wondering if he was present here then how he would have reacted looking at the plethora of taxes. And we have seen that usually there is not much of a difference in the quantity of production. But when the product goes out, we can see the inequality
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tax structure. Sometimes certain items, especially the perishable ones that were supposed to reach their destination in time, were delayed because of the time taken for processing; and it resulted in losses at both ends. Today we are getting rid of all that. The country is moving a step forward towards a modern taxation system. This is a system that is simpler, more transparent. It will help us curbing black money and corruption and reward honesty. It will generate interest and enthusiasm to do business honestly. It will bring in a new culture of governance. We have all lived tax terrorism and inspector raj. Today, due to the transparency of GST, due to technologically proven trial, grey areas are ending. GST has an inherent strength of eliminating the possibility of ordinary businessmen being harassed by the officers. Traders with a turnover up to ₹ 20 lakh are totally exempt from this. Traders with a turnover up to ₹ 75 lakh are also having many exemptions. This is true
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e system hung. The next day the focus of the news was this very issue. Even today we hear about such issues. It is true that everyone is not tech-savvy. However, if any household has a class 10th-12th student, he would definitely know about technology. GST is so simple that a class 12 student can help merchants file returns. I request those who have fears to dismiss them. You get your eye check-up done by your regular doctor. He gives you power for your eyes. You get the spectacles made. When you get those spectacles, it takes 2-3 days to get adjusted. The crux of the story is that even then the eyes need to adjust to new spectacles. Similarly, if we try to adjust to the new system we will definitely be able to integrate ourselves with it. It is time to stop the rumour bazaar. It is a time we concentrated on the development and for the betterment of this country. Let the GST be carried forward till the point it has positive impact on the world s economy. GST is a system that ends the i
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ts impact will be appreciated by the forthcoming generations with a great pride. In 2022, India will celebrate the Diamond Jubilee year of achieving Freedom. We have embarked upon a journey to create a New India. The New India which is the dream of our 1.25 billions Indians! Therefore Ladies and Gentlemen, GST shall play a key role in helping us build the India of our dreams. The last verse of Lokmanya Tilak s Gita Rahsaya ideally encapsulates the essence of the way the GST team has strived to achieve it. The verse from the Rigveda continues to inspire us till today. It says सवाणिवाह: आकृति: समाना रुदयनिवाह: समान वस्तु वो मनो यथावा सुसहासिति It means that w
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