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Govt Putting The Bet On Big B, Again. Know How!

NEWS WORLD INDIA | 0
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| June 19 , 2017 , 19:30 IST

Bollywood legend and superstar Amitabh Bachchan has been roped in by the Modi government to promote GST across the country.

The sweeping tax reform is set to begin from July 1. Bollywood's megastar will be featuring in a 40-second video which will circulate  "GST - An initiative to create a unified national market," the finance ministry said in a tweet, attaching the video.

In the video, Bachchan explains GST as a unifying force just like the three colours in the national flag. GST is an initiative to create 'one nation, one tax, one market', he says.

The megastar has been roped in just as the rollout of the biggest tax overhaul since independence entered its final phase.

Ace badminton star PV Sindhu was previously the GST ambassador.

It is being dubbed as the most significant economic reform since BJP government came to power in 2014 and is expected to add as much as 2 percentage points to the GDP growth rate.

A four-rate structure that exempts or imposes a low rate of tax 5 percent on essential items and the top rate of 28 percent on cars and consumer durables has been finalised. The other slabs of tax are 12 and 18 per cent.