PM Modi terms GST as 'good and simple tax'
GST
Dated:- 1-7-2017
New Delhi, Jun 30 (PTI) Terming the GST a 'good and simple tax', Prime Minister Narendra Modi today said it will put an end to harassment of honest traders and small businesses while integrating country into one market with one tax.
\nAt a gala event to launch the Goods and Services Tax (GST) at the historic Central Hall of Parliament, the prime Minister said the new tax is simple and transparent that would end corruption and check black money.
\nThe GST will eliminate 500 types of taxes and there will be one tax from Ganganagar to Itanagar and Leh to Lakshadweep, he said, adding it is a catalyst which will remove trade imbalance and promote exports.
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\nThe tax is good because it will eliminate tax on tax and simple because there will be just one rate and one system for the entire country, he said, adding even a student of 10th standard can use technology to file GST returns.
\nModi said GST is an effort of successive political parties and an example of cooperative federalism where centre and states have worked as equals in deciding on the new system and the tax rate.
\nThe GST is a reflection of team India and the Central Hall is the most appropriate place for launch of the new tax regime as Constituent assembly met here and also Jawaharlal Nehru delivered the Independence Day speech, he said.
\nThe new tax regime will benefit poor by reducing cost<\/p>\n
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