The Prime Minister added that GST was a result of hard work of all political parties.
To West Bengal Chief Minister Mamata Banerjee's jibe that GST would bring back "inspector raj", PM Modi said references of "tax terrorism" and "inspector raj" weren't new in India. the message was that rather than increasing, GST's online interface would end these sources of harassment. "From Ganganagar to Itanagar and Leh to Lakshadweep, it is one nation, one tax", he said.
Ratan Tata, patriarch of India's largest business group, Bollywood superstar Amitabh Bachchan and the country's most famous singer Lata Mangeshkar will attend the ceremony.
Dattatreya also slammed the Congress and the Left parties for not remaining present for the GST launch function in Parliament's central hall yesterday night. Today we are getting rid of them. The GST will improve the ease of doing business for corporates. "But when the GST is applied everything will cost more so we made a decision to just go ahead and buy it now".
Most economists agree the reform-first proposed in 2006 - is long overdue, but warn of an initial shock to the economy as businesses adjust.
"It will lower the cost of goods and services, give a boost to the economy and make the products and services globally competitive", the spokesman said. Shampoo and washing powder will be charged at a rate of 28%, and will be expensive under GST. Despite the huge promo exercise, traders and businesses who are the crucial link to the success of the GST remained anxious about the provisions of the GST tax structure, preparedness of the GST Newtork interface (GSTN) and fear of a return of harassment by tax officials as they have to file three sales reports in a month and 37 in a year.
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