The Goods and Services Tax (GST), will come into effect from midnight. It will be launched at 12.00 am by Prime Minister Narendra Modi in the presence of President Pranab Mukherjee, Vice President Hamid Ansari, chief ministers of all states, Speaker Sumitra Mahajan and MPs of both houses of Parliament.
According to an Indian Express report, the GST will be launched in the Parliament’s Central Hall. The tax regime, which was initiated by the United Progressive Alliance (UPA) government, will replace the current indirect taxation system and unify the country’s $2 trillion economy into one single market.
Here’s how the ceremony will proceed:
10:55pm: President Mukherjee will reach Parliament
10:59pm: The President’s arrival will be formally announced by a marshall
11:00pm: The President will step into the Central Hall of Parliament where the event will take place
11:02pm: Finance Minister Arun Jaitley will give a brief introduction of the GST
11:10pm: A short film on GST will be screened
11:15pm: Prime Minister Narendra Modi will deliver his speech
11:45pm: President will speak
Midnight: The President will ring a gong and usher in GST
12:05am: The President leaves Parliament
Ahead of the GST rollout, the Indian Parliament was all decked up, like it is decorated before the Republic and Independence day.
Here’s how it looked:
Closer view of the Parliament
— India Today (@IndiaToday) June 30, 2017
While everybody is waiting for the GST rollout, the Twitter was abuzz with Twitterati talking about the rollout. Here’s how they reacted:
GST = Many Target One Solutions!
— Anit Ghosh__ (@Indianit07) June 30, 2017
All those people who did crores of business but escaped paying taxes will now have to cough up taxes. #GSTForNewIndia
— Sanjana (@iSanjanaPatel) June 30, 2017
— Geetika Swami (@SwamiGeetika) June 30, 2017
— Pankaj Shukla (@iPankajShukla) June 30, 2017