GST will give impetus to honest practices: PM Modi

Raj Kamal Rao

Addressing the midnight Parliament session aimed at rolling out Goods and Services Tax, Prime Minister Narendra Modi said that India will take steps towards a modern tax system with GST.

PM-ModiPM said that GST will give impetus to honest trade practices, crackdown on tax evaders and black money hoarders.

“GST is transparent & fair system that prevents black money, corruption and promotes new governance culture,” the Prime Minister said.

PM said tax terrorism has been a big problem for countries economic progress.

“Grey area in tax collection will end as everything will have digital trail. Hence it will be a great boon for small businessman,” PM Modi said.

Modi called GST an example of cooperative federalism and a mission for Clean India.

“GST is economic integration of India just like what Sardar Vallabhbhai Patel had done decades back to integrate the country,” he added.