NEW DELHI:
The Union Cabinet, chaired by Prime Minister Narendra Modi,
on Thursday passed a resolution thanking chief ministers and finance
ministers from all the states as well as political parties for extending
cooperation for the introduction of GST.
"GST is a shining example of national integration and of fiscal
federalism at its best. It is a testimony to the working of India’s
federal democracy. It has been made possible because of close
cooperation between Central Government and all the State Governments as
well as all political parties," an official statement said.
The Centre has worked closely with the states over the last three
years to ensure that GST is rolled out from July 1. The insistence that
all decisions in the
GST Council
will be taken by consensus meant that the original deadline was missed
but everyone came on board on all aspects, including the revised launch
date. The cabinet also thanked lawmakers at the Centre and the states,
who had approved several legislations, including amendment to the
Constitution to make GST possible.
"GST is the biggest
tax reform in independent India. It is one of the most sweeping indirect tax reforms in any federal polity in the world," it said.
23 Jun 2017, 10:11 AM