5 points why PM Modi thinks GST is a life-saver for Indians

Prime Minister Narendra Modi speaks in the Lok Sabha. PTI

» GST will benefit states which are considered backward; it will address the problem of imbalanced development.

» GST will help curtail black money; traders will be compelled to give proper bills.

» The new taxation regime will ensure that corruption moves towards zero.

» GST will ensure that consumer is the king.

» GST is a big step towards ending tax terrorism.