Post GST Launch, PM Highlights Role of CA in Tackling Black Money

President Pranab Mukherjee rolls out the GST at a special Parliamentary session at midnight.

• PM Modi hailed the role of CAs in his speech at the Indira Gandhi stadium
• President Pranab Mukherjee rolls out GST at special midnight session of Parliament
  
• President Mukherjee said GST is tribute to mature Indian politics
  
• PM Modi said GST is a result of “collective effort” of government and political parties
  
• GST Council reduces rate on fertilisers from 12 percent to 5 percent
  
• Congress calls the midnight launch a “tamasha”
  
• Congress, TMC boycott the midnight GST session
  

PM Modi Addresses CAs at the Indira Gandhi Stadium

Prime Minister Narendra Modi, in his address to chartered accountants at the Indira Gandhi Stadium in Delhi stressed upon the fact that the newly launched Goods and Services Tax would help remove black money from the country.

Speaking on the occasion of the Institute of Chartered Accountants of India’s (ICAI) founder’s day, Modi praised CAs and their role in maintaining transparency within the financial system by keeping a check on people’s income through the process of audit.

The PM also said that the “nation's growth is dependent on a clean tax regime. GST and demonetisation are key steps in that direction.” Watch Modi’s full speech here:

What the Entire GST Launch Looked Like

Amit Shah Extends Congratulations

BJP President Amit Shah congratulated Narendra Modi, Arun Jaitley and all state governmentes following the GST rollout.

Reactions Pour in

Seconds after the GST was rolled out, congratulatory messages poured out on Twitter. Some were not apprehensive about the new taxation system some, a few others welcomed the new regime.

At the stroke of midnight , launch of a multilayered GST architecture is for the rich ,by the rich and of the rich .

— Kapil Sibal (@KapilSibal) June 30, 2017

High flying Modi forgot to deal with the concerns of the informal sector , small traders , small businesses and unregistered dealers .

— Kapil Sibal (@KapilSibal) June 30, 2017

GST isn't perfect but it's a start. Foreign media doesn't get it--yet. Nor does small-minded @INCIndia by boycotting tonight's #gstrollout https://t.co/enehi61D8P

— Minhaz Merchant (@MinhazMerchant) June 30, 2017

#gstrollout Traders saying GiveSomeTime but govt saying GetSetTodie This is what happens when you have GujaratSeTadipar leading India pic.twitter.com/arfzbXMO4L

— Shehzad Poonawalla (@Shehzad_Ind) June 30, 2017

Congratulations India.May the hard work of govts past&present in making #GST a reality turn out to be a success story fr the nation.Jai Hind

— Priyanka Chaturvedi (@priyankac19) June 30, 2017

At the stroke of today's midnight hour, when the world sleeps, India will awake to a new Tax regime! #GST #OneNationOneTaxOneMarket

— Vivek Agnihotri (@vivekagnihotri) June 30, 2017

At the stroke of today's midnight hour, when the world sleeps, India will awake to a new Tax regime! #GST #OneNationOneTaxOneMarket

— Vivek Agnihotri (@vivekagnihotri) June 30, 2017

Got to hand it to @narendramodi for constant unsparing effort. Agree or disagree,he endeavours tirelessly.Hope #GST creates better taxation!

— Sagarika Ghose (@sagarikaghose) June 30, 2017

India enters successfully into the orbit of #GST, which will benefit one & all. #GSTForNewIndia

— Prakash Javadekar (@PrakashJavdekar) June 30, 2017

Proud to issue India's first #GST invoice at @BigBazaar @fg_buzz #gstrollout pic.twitter.com/8HrfJlGXLJ

— Kishore Biyani (@kishore_biyani) June 30, 2017

Ambition has new wings. India rolls out #GST en route to becoming the world's largest free market. #History

— Chitra Subramaniam (@chitraSD) June 30, 2017