On the completion of one year of the rolling out of the GST plan, the government celebrated GST Day today at the Ambedkar International Centre to mark the first anniversary of the launch of the new indirect taxation regime. Terming GST as a "fitting tribute to spirit of cooperative federalism", the Finance Ministry had yesterday said the first year has been remarkable both for the sheer variety of challenges that its implementation had thrown up and for the willingness and ability of policy makers and tax administrators to rise up to these challenges and respond befittingly. PM Modi and other Union ministers congratulated the nation on the occasion.
Here are the live updates of GST Day celebrations:
"I am confident that the best implementation of GST is yet to come": Arun Jaitley
Govt's half baked & hastily implemented GST has hurt the nation economically & will cost the BJP politically
- Ahmed Patel (@ahmedpatel) July 1, 2018
Exporters are struggling with refunds, sales of small manufacturers gone down, demand for cash has gone up & harassment from authorities is at an all time high
"Total tax base itself has increased significantly. These are the changes taking place on account of GST implementation. As tax collection goes up, capacity to rationalize rates will increase. I have no doubt in mind that the total basket of taxes, last 4 years have shown 1.5% increase. I was in Singapore last year, and they asked me why we have multiple slabs. I said, you are a city state. We can't afford to tax food like you. Therefore we have to keep vulnerable out of the tax system," Arun Jaitley said.
"Despite challenges, we had a direct tax increase of 18% last year. First quarter of this year shows personal income tax collection has increased 45%. Remarkable changes taking place with GST," Mr Jaitley said.
GST leads to savings of Rs.2,300 cr yearly. No checkposts , Faster Trucks pic.twitter.com/RtA2VENh0u
- Pon Radhakrishnan (@PonnaarrBJP) July 1, 2018
"We had 27 meeting of council so far. It has become role model of governance. It is India's first federal decision making body and I made sure that all decisions were with a consensus": Arun Jaitley
"No reform of this magnitude is possible if the head of country is not with you. We had support of the PM," Mr Jaitley said.
"Today marks 1st anniversary of monumental economic reform. We had complicated, clumsy tax systems. Each state required a separate return. India had a fragmented market and it needed this system," Aryn Jaitley said.
This historic decision by Modi govt had been pending for decades. Notwithstanding with what opposition says we go by evidence. Figures speak for themselves. It has produced a behavioural change in common man, to be a tax payer instead of a tax evader: Jitendra Singh, MoS PMO #GST pic.twitter.com/uOf0JXeD95
- ANI (@ANI) July 1, 2018
I thank the people of India, especially MSMEs, who have extended remarkable support to this long due reform, which has the potential to redefine economic landscape & unleash our potential as a country. The world has hailed GST's positive impact on Indian economy. #GSTForNewIndia pic.twitter.com/SThMy3tPsZ
- Amit Shah (@AmitShah) July 1, 2018
I congratulate PM @narendramodi and his government on successful completion of one year of implementing GST, a historic tax reform. India, specially small businesses, have benefitted immensely from this new tax regime, which has brought transparency & convinence. #GSTForNewIndia pic.twitter.com/LaHYTXCvpN
- Amit Shah (@AmitShah) July 1, 2018
Growing vibrant economy needs robust,transparent,forward look Tax system.Small bizmen must be able to comply with ease.Improving Tax/GDP ratio enable investment in Infra,Education,Health,reduce past debt.1market create huge opportunities for,MSME,farmers,create jobs #1YearofGST pic.twitter.com/EzWIRePXVJ
- Suresh Prabhu (@sureshpprabhu) July 1, 2018
One year of GST#GSTForNewIndia pic.twitter.com/mlXSGUnsBh
- Nitin Gadkari (@nitin_gadkari) July 1, 2018
GST truly a people's tax, says Dharmendra Pradhan
Congratulate the Nation on completion of one year of GST - the most transformative tax reform in India ever. One Nation, One Tax and One Market due to GST has led to economic growth, simplicity for people and transparency in the economy #GSTforNewIndia
- Piyush Goyal (@PiyushGoyal) July 1, 2018
One Year of GST has brought transformative reform in the lives of our people :
- Piyush Goyal (@PiyushGoyal) July 1, 2018
Ease of Doing Business
Opportunities for SMEs
Formalisation
Relief for consumers#GSTforNewIndia pic.twitter.com/ZpUwe2w0i9
Congratulate the Nation on completion of one year of GST - the most transformative tax reform in India ever. One Nation, One Tax and One Market due to GST has led to economic growth, simplicity for people and transparency in the economy #GSTforNewIndia
- Piyush Goyal (@PiyushGoyal) July 1, 2018
One Year of GST has brought transformative reform in the lives of our people :
- Piyush Goyal (@PiyushGoyal) July 1, 2018
Ease of Doing Business
Opportunities for SMEs
Formalisation
Relief for consumers#GSTforNewIndia pic.twitter.com/ZpUwe2w0i9
Lucknow: Central Excise Office organises a special run on 'Goods & Service Tax Day' to mark the first anniversary of the indirect tax regime. pic.twitter.com/qWwqYzx9MT
- ANI UP (@ANINewsUP) July 1, 2018
I congratulate the people of India on the special occasion of GST completing 1 year.
- Narendra Modi (@narendramodi) July 1, 2018
A vibrant example of cooperative federalism and a 'Team India' spirit, GST has brought a positive change in the Indian economy. #GSTForNewIndia https://t.co/PvZKtl2YIE
Finance Ministry also took to Twitter to congratulate people
- Ministry of Finance (@FinMinIndia) June 30, 2018
GST has brought growth, simplicity and transparency. It is:
- Narendra Modi (@narendramodi) July 1, 2018
Boosting formalisation.
Enhancing productivity.
Furthering 'Ease of Doing Business.'
Benefitting small and medium enterprises. #GSTForNewIndia pic.twitter.com/IGGwUm59rB
GST Helpline Number For Consumers Soon
Union Minister Piyush Goyal has said that a telephone helpline number will be started soon, where consumers can report against those traders who evade tax by not issuing purchase bill.
- Ministry of Finance (@FinMinIndia) June 30, 2018
