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Sat, Feb 16, 2019 | Last Updated 10:25 am IST

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Has GST brought Positive Change in Indian Economy after One year launch?

Has GST brought Positive Change in Indian Economy after One year launch?
Has GST brought Positive Change in Indian Economy after One year launch?
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New Delhi sources added that Prime Minister Narendra Modi on Sunday congratulated the people of the nation as the roll out of the Goods and Services Tax (GST) plan completed one year. Modi tweeted that “He congratulates the people of India on the special occasion of GST completing one year, which is a vibrant example of cooperative federalism and a 'Team India' spirit, GST has brought a positive change in the Indian economy”.



Accordingly "GST has brought growth, simplicity and transparency, which is boosting formalization, enhancing productivity, furthering 'Ease of Doing Business', benefiting small and medium enterprises". Furthermore Minister of Railways and Coal Piyush Goyal also congratulated the nation on completion of one year on GST by calling it "the most transformative tax reform in India ever". He tweeted "Congratulate the nation on completion of one year of GST the most transformative tax reform in India ever. Moreover One Nation, One Tax and One Market due to GST has led to economic growth, simplicity for people and transparency in the economy”.

Has GST brought Positive Change in Indian Economy after One year launch?

Further following Modi's lead, Goyal also listed down how GST brought a "transformative change in the lives of people through ease of doing business, providing opportunities for SMEs, formalization, and relief for consumers".

Has GST brought Positive Change in Indian Economy after One year launch?

Has GST brought Positive Change in Indian Economy after One year launch?
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