Prime Minister Narendra Modisaid in a speech that the new system would eliminate 500 types of taxes in favor of one tax across the country, a catalyst that would remove trade imbalance and promote exports. Talking about the initial trouble that people might have to face, the Prime Minister said even eyes have to adjust for a couple of days when a sight corrective spectacles are worn. GST has sparked protests by traders, while the main opposition Congress Party boycotted the launch ceremony.
Here's a look into what went on inside the session.
Meanwhile, Prime Minister Narendra Modi said that GST will not only bring a transparent and fair system but will also bring an end to corruption and black money.
Some of India's biggest automakers and retailers announced price cuts on Saturday as Asia's third-largest economy switched to a new nationwide sales tax at the stroke of midnight, replacing a host of provincial and national levies.
Ending more than 11 years of hectic argument among the Centre and the states, the GST will implement from July 1 to completely transform the indirect taxation landscape in the country involving both the Central and State levies. Compliance will be a big issue for those conducting business in more than one state, he said.
President Pranab Mukherjee also termed the launch of Goods and Services Tax (GST) to be historic. It is expected that by doing away with the plethora of taxes and barriers on state borders, GST will accelerate economic growth. We have to solve them with speed. Shampoo and washing powder will be charged at a rate of 28%, and will be expensive under GST. He said, "Today at 12 midnight, we have united in the Central Hall, this is a place where uncountable icons of our country have set foot".
The GST rate will be higher for SUVs (55% to 43%) as compared to smaller cars (30% to 29%).
The NCP, which has stood united with the Opposition on presidential polls by extending support to Meira Kumar, said while it agreed with the Congress' position on Independence functions, it made a decision to attend the midnight meeting as it wanted to continue its support to the legislation - a stand taken at the time of its introduction in Parliament.
The government promises that the transition to a single, nationwide tax on goods and services will streamline business and boost the economy by tearing down barriers between 31 states and union territories. More than economic reform, it is a social reform.
He has provided content for outlets such as: Aviation Week & Space Technology, Space.com, The Mars Society and Universe Today. The agency has been trying to launch the rocket from Wallops Flight Facility since May 31, with no success.
The first 20 minutes were nearly disastrous and if we didn't have a bit of luck on our side, we could have been 3-0 down. I was really happy to have been called up, and now I've received my playing time and scored too, " he said.
Christensen was under surveillance Thursday when agents overheard him saying he kidnapped Zhang , a criminal complaint says. Hundreds of people gathered at the University of IL to show support for a Chinese scholar who disappeared three weeks ago.
The NBA award show might be one red carpet I care about. "You are wonderful , you're the MVP", she gushed. The Milwaukee Bucks' Malcolm Brogdon claimed the 2017 NBA Rookie of the Year Award on Monday night.
Mnuchin adding that the United States were "determined to cut the funding of the North Korea until it behaves correctly". Chinese President Xi Jinping must be judicious as he chooses how to respond to Trump's actions.
Originally, they set the film in Los Angeles , but for financial reasons it was switched it to Atlanta, where it was shot. Here's the thing: I've had this movie in my head for so long, and the young stars of Hollywood change every 18 months.
A man robbed a Simpsonville bank Saturday morning after handing a note to one of the tellers stating that he was armed. The investigators involved in the case believe Randolph was exclusively responsible for the death of her two children.
Fourth Judicial District Attorney General Jimmy Dunn, in a written statement, agreed he could not prove his case against the boys. They said crews had worked tirelessly along with members of the ATF and National Parks Service to investigate the case.
Under Spanish law, a first-time offender is not required to serve time in jail for a sentence below two years. A source confirmed to ESPN FC that Ronaldo wants to leave Real Madrid this summer, following the accusations.
The U.S Department of State has designated Baghdadi as a Specially Designated Global Terrorist (SDGT). Russian media cited Sergei Lavrov saying with high degree of certainty that Baghdadi was eliminated.
Patients Have Died Under CA Right-to-Die Law
The California Department of Public Health (CDPH) released the 2016 End of Life Option Act (Act) first Annual Report. The law also states that doctors themselves should not prescribe the drug to them until n unless patients demand it.
Medicaid remains sticking point in Senate ACA repeal bill
The Obamacare law expanded health insurance coverage to some 20 million people, in large part through an expansion of Medicaid . Forty-six percent said they want it to be changed so it does more and 7 percent said they want it changed so it does less.
Nintendo Offers RPGs with the Super NES Classic
Everyone's excited about the SNES Classic Edition , what with its twee 90's look and fantastic selection of games . The system still has a great price point of only $79.99, which is $20 more than the NES Classic.
Celebrations as FARC Complies with Weapons Handover
Courts: Those accused of crimes in the conflict will go before special courts and could get reduced sentences if they confess. The monitors said they had also found and emptied 77 out of the Farc's 900 arms caches hidden around the countryside.
Bill Cosby's Accuser Takes The Stand In Sexual Assault Trial
She also said Cosby was mentoring her for a career in sports broadcast. "You knew Cosby was a married man, right?" she asked. More than 50 women have said that Cosby assaulted them, but the statute of limitations has run out in almost all cases.
Long-Term Impact of Tariffs on Canadian Lumber Unclear
Forest Service from better managing its timber lands and increase the delivery of domestic timber products into the market". Canada has denied that it subsidizes the lumber industry because producers must pay market prices for wood.
Key US Republican threatens to block arms to Gulf
A $500 million sale of precision-guided munitions that was part of that package was already cleared through Congress last month. The decision could jeopardize a $110bn arms deal that Mr Trump announced with Saudi Arabia in May.
Several Sailors Found Dead After US Destroyer Collision
The fleet commander would not give an exact number of the bodies found because family notifications were still being made. The USS Dewey and two navy tugs had also been dispatched to provide help, as well as helicopters and other aircraft.
Kiwis lay down challenge in America's Cup
They gained control from the outset and employed superior boat speed to simply sail clear of the hapless Americans. Simon van Velthooven, who won a bronze medal in track cycling at the London Olympics, was aboard for Race 3.