United States has welcomed GST Bill passage in India saying that it could enrich the bilateral ties between two countires. “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 ambassador of US to India also congratulated India. It is “an important reform and boost to growth in India”, he said in a tweet.
GST Bill passage also received appreciation from professor group. “Passing the Goods & Services Tax bill is one of the biggest tax reforms ever in India,” said Puneet Manchanda, professor of marketing at the Ross School of Business at University of Michigan.
“The enactment of the GST in India heralds one of the most significant post-Independence reforms making doing business in India easier and facilitating the easier flow of goods and services across states,” said Vikramaditya Khanna, professor at University of Michigan Law School.