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US welcomes passage of GST bill | GST Tax India, Goods and Services Tax
WASHINGTON: The US has welcomed the passage of the landmark Goods and Services Tax (GST) bill, saying it would have far-reaching benefits for expanding bilateral trade and investment partnership with India. "We welcome the passage of the landmark Goods and Services Tax (GST) Bill," State Department spokesperson Elizabeth Trudeau told PTI. It "has potentially far-reaching benefits for the Indian economy and our expanding bilateral trade and investment partnership with India, including greater efficiencies and predictability in its tax regime", Trudeau said in response to a question on the passage of GST by Indian Parliament The US Ambassador to India Richard Verma congratulated the Prime Minister and Parliament on passage of the GST bill. It is "an important reform and boost to growth in India", he said in a tweet. In a historic step for tax reforms in the country, the Indian Parliament had yesterday passed the GST Constitution bill. "Passing the Goods & Services Tax bill is one of