Search results
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. In May 2016, the Lok Sabha passed the Constitution Amendment Bill, paving way for GST.
27 wrz 2023 · Following the Lok Sabha's approval, a series of crucial bills were introduced to pave the way for the official rollout of GST on July 1, 2017. These bills included the Union Territory GST Bill, Central GST Bill, and GST (Compensation to States) Bill.
March 29, 2017: All four GST bills passed as Money Bills in the Lok Sabha. March 31, 2017: Date for migration of Central Excise & Service Tax to GST extended from 31st March, 2017 to 30th...
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.
2 wrz 2024 · During 1916 to 1922, tax bases were constantly widened to recover the financial losses sustained by the British empire during World War 1. As predicted in Manusmriti and Arthashastra, tax avoidance became out of control in India due to excessive taxes and complicated tax laws.
2 wrz 2024 · Explore the timeline of GST in India, from its initial discussions in 2000 to its implementation in 2017, and the GST Council's key role in shaping the tax system.
