PM Modi warning Three lakh firms under scanner after note ban

GST launch event saw speeches from Finance Minister Arun Jaitley


Posted By :LawyerIndia Bureau

Prime Minister Narendra Modi on Saturday launched the revised syllabus of ICAI and spoke vividly on the successful launch of Goods and Services Tax (GST) at Delhi’s Indira Gandhi Indoor stadium. PM Modi’s address to CA community came on the day GST was implemented at Parliament’s Central Hall. Being hailed as India’s second tryst with destiny after Independence on August 15, 1947, GST launch event saw speeches from Finance Minister Arun Jaitley, Prime Minister Narendra Modi, and President Pranab Mukherjee. PM Narendra Modi, in the historic Parliament address, termed GST as “good and simple tax” for the nation. The Prime Minister said that scope of GST is not limited to the financial system, adding, that India will now move in a new direction. President Mukherjee, who took the dais after Prime Minister Narendra Modi, said that tax implementation will become more transparent under GST. The President termed tax as an example of “maturity and wisdom” of India’s democracy. After the event, PM Modi is also scheduled to launch revised Chartered Accountancy syllabus at all levels. PM Narendra Modi’s last walk came after Bharatiya Janata Party’s thumping victory in four state Assembly elections. The Prime Minister had coined the term New India in the speech which came after the walk, it will be interesting to see what Modi comes up with this time.


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