GST not just tax reform but new economic order: PM Modi

Modi said GST is not just a tax reform but it is a new economic order that will "strengthen a new culture of honesty. "

"The implementation and furtherance of such a phenomenal change on such a monumental scale, with the involvement of so many tens of millions of people in such a vast country, is in itself a pinnacle of success," PM Modi said.

The Prime Minister said that it has been one month since GST was implemented and its benefits can be seen already.

"I feel very happy and satisfied when a poor person writes to say how because of GST prices of various items essential for him have come down, and commodities have become cheaper," PM Modi said.

The PM said that GST indeed is a convenience, but at the same time it is also bolstering the economic progress.

"Earlier, because of the multiple tax structures, maximum resources of the transport and logistics sector were expended in maintaining paperwork and that also led to the need for construction of new warehouses in each state. I call GST, Good and Simple Tax. Indeed, it has produced a big positive effect on our economy in a very short time span," said he.