In the biggest tax reform since Independence, the national sales tax or GST Bill was yesterday approved by the Rajya Sabha. This will replace a range of different state and local taxes with a single unified value added tax system, and will hopefully boost India to become one of the world's biggest single markets.
The passing of the Bill was met with a lot of enthusiasm from the Twitterati, even if they weren't sure about what it is or how it'll affect them.
Here are some reactions to the GST Bill.
Notwithstanding my limited knowledge of Financial stuff ,the #GSTBill is an awesome advancement for our country’s potential. Congrats to us— Shah Rukh Khan (@iamsrk) August 3, 2016
Can we give one third credit to BJP, a third to Cong and a third to regional parties? One india, one cake! #GSTBill— Rajdeep Sardesai (@sardesairajdeep) August 3, 2016
GST Bill passed.India's enormous market--a caged tiger--will now be unleashed. GoodShowTeam India!— anand mahindra (@anandmahindra) August 3, 2016
Chidambaram must feel like Devaki as Arun Jaitley plays Yashoda to GST Bill. One's child, another's ward. Hare Krishna! #GSTBill— Madhavan Narayanan (@madversity) August 3, 2016
Some people tried to simplify the Bill for those were still clueless about it.
If GST only reduces the number of lines on my bill without reducing its final amount, then for me, it's pretty pointless..— The Kaipullai (@thekaipullai) August 4, 2016
It took us 16 yrs and 3 PM to get the GST bill on the floor. 10yrs of Congress govt & 6 yrs of BJP. Initiated by ABV and concluded by Modi.— Vivek Agnihotri (@vivekagnihotri) August 3, 2016