New Delhi: The stage is all set for the rollout of Goods and Services Tax (GST), India’s biggest tax reform, which will be launched on Friday midnight by Prime Minister Narendra Modi at Parliament’s historic Central Hall, in the presence of President Pranab Mukherjee.
Amid boycott by the Congress, the Trinamool and other opposition parties even as Finance Minister Arun Jaitley urged them to reconsider their decision.
Congress party has however decided to boycott the event apparently to protest against hardship being caused to small and medium enterprises and traders. Left and TMC too are boycotting the event.
The launch event will start at 11 pm on June 30 and extend into the midnight, coinciding with the rollout of the Goods and Services Tax (GST) regime.
Lok Sabha Speaker Sumitra Mahajan and Vice President Hamid Ansari will also be on the dias along with the President and PM Modi.
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.