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1 gru 2022 · GST was first introduced in India in 2017 when they decided to introduce a dual tax structure system. Who introduced GST in India? In 2014, the then Finance Minister, Mr Arun Jaitley, introduced the Constitution Amendment Bill in the parliament.
Seven months after the formation of the then Modi government, the new Finance Minister Arun Jaitley introduced the GST Bill in the Lok Sabha, where the BJP had a majority. In February 2015, Jaitley set another deadline of 1 April 2017 to implement GST.
March 20, 2017: The Union cabinet chaired by Prime Minister Narendra Modi approves the four GST bills: the CGST Bill, IGST Bill, UTGST Bill and the Compensation Bill.
27 wrz 2023 · GST was introduced in India to simplify the country's complex tax system by replacing a multitude of indirect taxes with a single, unified tax structure. It aimed to eliminate cascading taxes, promote ease of doing business, and create a common market across India.
5 sie 2024 · 05 Aug, 2024. The launch of GST benefited many stakeholders, namely industry, government, and the consumer, and it turned out to be a win-win situation for the entire nation.
31 maj 2024 · The Goods and Services Tax (GST) stands as a monumental reform in India's tax landscape, revolutionizing the country's indirect taxation system. Understanding the history and origins of GST in India provides valuable insights into the journey of tax reforms and economic development.
13 sie 2024 · The history of GST in India began in 2000 with the introduction of the concept by the Vajpayee government. After years of deliberation, the 122nd Constitutional Amendment Bill was introduced in 2014 and passed in 2016. The GST Council was formed to finalise rates and regulations.
