Terming the rollout of the Goods and Services Tax (GST) as historic event, Prime Minister Narendra Modi has said that India would set an example for the world with implementation of it. He further said that the world will witness a transformation in the country and will get to know efforts of all the political parties of different ideologies which have been united for the implementation of the GST.
PM said that the new tax regime will prove to be a miracle and the government will try to overcome difficulties. Modi while listing the various initiatives like changes in policy norms and allowance to 100 per cent FDI in defence sector, said that the government is moving forward with the dream of how to make India self-dependent in the field of defence & security.
India's long-awaited GST is all set to be launched at a grand function in the Central Hall of Parliament on the midnight of June 30 in the presence of several dignitaries, including President Pranab Mukherjee, Vice President M.Hamid Ansari and Prime Minister Modi, besides other luminaries. The GST is expected to lead to higher revenues for the Centre and the states, while also increasing the size of the economy and having a positive impact on the GDP.