New Delhi: The much awaited Goods and Services Tax (GST) will be launched from mid-night of June 30-July 1, Finance Minister Arun Jaitley said on Tuesday.
The GST launch function will be held at Central Hall of Parliament wherein MPs, CMs and state finance ministers are being invited, Jaitley said.
President Pranab Mukherjee, Vice-President Hamid Ansari, Prime Minister Narendra Modi, Lok Sabha Speaker and former PMs Manmohan Singh and HD Deve Gowda will be among those who will attend the special event. They will be on dais for GST launch.
President Mukherjee will unveil India’s new tax regime on July 1, Jaitley added.
The government has said GST could add two percentage points to economic growth.
There will be four tax slabs – 5, 12, 18 and 28 percent.