India's biggest tax reform since its independence in 1947 is set to rollout at the midnight of Friday and Saturday. ""This low GST rate would help the gold and jewellery trade to go for more compliant and would mature as an organised sector in the years to come. While neighbouring countries pay 5-12 per cent GST or equivalent tax, hotels in India would be levying 18 and 28 per cent GST. GST implementation will catapult India's tax Infrastructure into world's leading in one single step. ""The Congress party was the originator of the idea of GST and has welcomed GST.

Source: Times of India June 30, 2017 13:39 UTC