What the Internet has to say about GST (Goods and service tax)

After a lot of back and forth, the Rajya Sabha finally passed the Goods and Services Tax (GST) bill on 3rd of August, 2016.

what the internet has to say about gst goods and sevice tax

“Summary - After a lot of back and forth, the Rajya Sabha finally passed the Goods and Services Tax (GST) bill on 3rd of August, 2016. “


After a lot of back and forth, the Rajya Sabha finally passed the Goods and Services Tax (GST) bill on 3rd of August, 2016. Often followed by the unofficial tagline “one nation, one tax”, GST will subsume all indirect taxes such as excise duties, service tax, entertainment tax etc. Adopting Goods and Service Tax will lead to a seamless market throughout the country, and prices of commodities evening out across states. In case you aren’t well versed with the concept, here is all about GST

GST 101: What India’s biggest tax reform means for you

What started with mixed reviews…

#Buzzingstock: Logistics stocks get mixed reactions on GST passage

passage https://t.co/onKmvkDmmz#logistics#stockmarketpic.twitter.com/NaE3UV8p9h

— moneycontrol (@moneycontrolcom) August 4, 2016

…has finally boiled down to mostly positive comments and celebratory social media posts. Whereas most of the tweets and facebook statuses are rejoicing the verdict, a few also talk about new GSTs impact on India.

 

India creates history today as passing of #GSTBill is a huge leap in tax reforms & to bring relief to common man & boost to Indian economy!

— Devendra Fadnavis (@Dev_Fadnavis) August 3, 2016

#GSTBill will not only unlock huge productivity but also create millions of formal sector jobs - #reposthttps://t.co/viPt9orDtz

— Sachin Bansal (@_sachinbansal) August 3, 2016

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