The Prime Minister, Shri Narendra Modi has thanked the leaders and members of all the parties on the occasion of passage of the GST Bill in the Rajya Sabha. Calling GST as the best example of cooperative federalism, the Prime Minister in a series of tweets said that this reform will promote Make in India, help exports and thus boost boost employment while providing enhanced revenue.
“On this truly historic occasion of the passage of the GST Bill in the Rajya Sabha, I thank the leaders and members of all parties. Our MPs must be congratulated for their path breaking decision to give India an indirect tax system for the 21st century.
We continue to work with all parties and states to introduce a system that benefits all Indians and promotes a vibrant and unified national market. This reform will promote Make in India, help exports and thus boost employment while providing enhanced revenue.
I would like to add that GST will also be the best example of cooperative federalism. Together we will take India to new heights of progress”, the Prime Minister tweeted.
Amit Kumar Sarkar, Partner at Grant Thornton India LLP said that “The GST Constitution Amendment Bill finally sees the light of day after many years of speculation and heartburn. While there are still many steps to introduce GST in India, we remain optimistic that the toughest hurdle is now crossed over. The question around GST is no longer “if” it’s coming but now “when” is it coming.”
CA Sudhir Halakhandi said that “As GST bill been passed by Rajya Sabha, so now GST Constitutional amendment Bill will be tabled in all the Vidhan Sabhas (State Legislative Assemblies) and get it cleared from half of them by simple majority. After that Central GST Act will be passed by parliament and State GST Act will be passed by each of the Vidhan Sabhas and than only GST could be implemented in the Country.”
Lets hope that GST bill will clear all further hurdles and sees the day of light soon, surely a Historic event in Indian Tax Laws.