Sources have reported that BJP led government is confident of growth with 'One Nation-One Tax' policy starting this midnight which comes in Friday night, Central Hall in Parliament will bell Goods and Services Tax (GST) across the country.
1. The whole motive of this move is to take away the grey market
in the nation. Once GST comes into effect from 1st July, cost of infrastructure
is expected to increase. All the goods and services in India have been
categorized into four slabs which are 5pc, 12pc, 18pc and 28pc.
2. The roll-out event will be attended by President Pranab
Mukherjee, PM Narendra Modi, former Prime Minister Deve Gowda, Lok Sanga
Speaker Sumitra Mahajan, Vice President Hamid Ansari and leaders from
opposition parties.
3. However, Congress has decided to boycott it. Other attendees to the event include Bollywood actor Amitabh Bachchan, legendary singer Lata Mangeshkar, industrialist Ratan Tata and more.
4. GST is going to become a reality for India after 11 years during 2006-07 annual budget speech, and sharply at 12 am this midnight, centre will give the big bell for GST, followed by official speeches from President Pranab Mukherjee and Prime Minister Narendra Modi.
