All the parties in Rajya Sabha unanimously passed the Goods and Services Tax bill finally. This has brought huge cheers from a large section of the society, primarily the industries and businesses. The who's who of the top businesses expressed their happiness on the passage ofthe bill. Chanda Kochhar, MD & CEO, ICICI Bank said, The Goods and Services Tax (GST) Bill is the most important reform in indirect taxation in India ever. It signals the Government’s resolve to put in place a significant structural change which will benefit all segments of the economy.

Consumers will see lower prices in the medium term. Rana Kapoor, MD & CEO, YES BANK said, " The Government has taken a giant economic leap by passing the GST Bill. In one bold move, this will unify India’s tax architecture, make manufacturing efficient, and boost Ease of Doing Business, thus ushering a virtuous growth cycle in India for several decades up to 2050. " Ashish Goel, CEO & Co-founder of Urban Ladder said, " GST will help create a single unified market across India and allow free movement and supply of goods in every part of the country."