English rendering of the Preliminary text of PM’s address at the launch Goods & Service Tax from Central Hall of Parliament

<h1>Goods and Services Tax unifies indirect taxation nationally, simplifying compliance and aligning Centre and states for cooperative fiscal administration.</h1> The Goods and Services Tax establishes a unified pan India indirect tax system replacing multiple centre and state levies, grounded in cooperative federalism and coordinated through the GST Council. It aims to remove interstate tax distortions, simplify compliance via technological administration, provide exemption thresholds for small taxpayers, reduce administrative harassment, and promote uniform markets and equitable development opportunities across states. Implementation emphasizes coordinated Centre State administration, transparency, and phased adjustment to integrate the economy under one standardized indirect tax regime.