'Plenty of hiccups' expected with the arrival of biggest tax reform'

He added that he has also spoken to former Jammu and Kashmir chief minister Omar Abdullah and requested him to support the GST.

India's president and the prime minister pressed a button heralding the major overhaul of the taxation system — known as the single Goods and Services Tax — from July 1.

Businesses, however, are not yet ready with their pricing policies post GST implementation and there could be lapses on the profiteering issue.

The finance minister said GST will strengthen economic structure and help formal economy to grow.

The finance minister said that while the state's consumers of products from outside would pay tax twice in the absence of GST, goods sent out of the state would similarly attract double levy, making everything more expensive.

All states and the central government discussed it for years, he added.

The government expects things to settle down in the coming months, helping businesses reap the benefits of the new sales tax.

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The court overturned a lower court's decision that favored same-sex marriage benefits, ordering the issue back to trial. The Texas Supreme Court has ruled that same-sex couples do not have to provide spousal benefits to married gay couples.

"There will be disruption", said Rajeev Chandrasekhar, an investor and upper house lawmaker who is part of PM Modi's ruling coalition and sat on a parliamentary committee on GST.

However, GST will make India a common market with common tax rates and procedures and remove economic barriers. He said that GST was a shining example of cooperative federalism.

Mr Gandhi, who is overseas, took to Twitter to say that a reform which holds great potential was being rushed through without planning, foresight and institutional readiness, just like during previous year. "For India, it will begin a new journey".

President Pranab Mukherjee, Vice President M. Hamid Ansari, Modi along with several cabinet ministers and MPs were present in Parliament.

However, the People's Democratic Party (PDP) - Bharatiya Janata Party (BJP) Government has claimed that the "special status won't be diluted in any case". The first fallout was seen yesterday when the southern state of Tamil Nadu announced a 30 percent levy on movie tickets, in addition to the 28 percent GST fee. "We are deciding India's future", he said in a speech after recounting some of the historic events that the central hall had witnessed including the first meeting of the constituent assembly. "It ends the grey are completely", he said.

An executive for logistics company Rivigo in Mumbai, who declined to be named, told AFP clients had asked them to ensure that the goods reached their warehouses before midnight when the new tax would kick in.

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