Nation Current Affairs 30 Jun 2017 Timeline of events s ...

Timeline of events slated for GST launch tonight

DECCAN CHRONICLE.
Published Jun 30, 2017, 8:34 pm IST
Updated Jun 30, 2017, 8:34 pm IST
The formal launch of this tax system is expected to greatly benefit the Indian population as it takes away the cascading effect
Representational Image. (Photo: File)
 Representational Image. (Photo: File)

Mumbai: 17 years since its inception, India’s biggest indirect tax reform – the Goods and Services Tax (GST) will finally go on floors as the clock strikes 12 on July 30. 

The Central Hall of Parliament will play host to the GST launch which will be attended by President Pranab Mukherjee, Prime Minister Narendra Modi, Vice president Hamid Ansari and Finance Minister Arun jaitley among others.

 

Big names like Amitabh Bachchan, Lata Mangeshkar and Ratan Tata will also be gracing the occasion.  

The formal launch of this consolidated tax system is expected to greatly benefit the majority of India’s population as it takes away the cascading effect of multiple taxes and introduces input tax credit for traders.

The following is the timeline of today’s mega launch:  

10:55 pm: President arrives at Parliament House, received by dignitaries

10:59 pm: Announcement by Marshal

11:00 pm: President arrives in Central Hall

11:01 pm: Playing of National Anthem

 

11:02 pm: Felicitation and Introductory remarks by Finance Minister

11:10 pm: Film/Presentation on GST

11:15 pm: Address by Prime Minister

11:45 pm: Address by President of India

12 midnight: Launch of GST (including Film)

12:03 am: Announcement by Marshal

12:04 am: Playing of National Anthem

12:05 am: President leaves  

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