Implementation of GST
Unverified
Date
July 01, 2017
Type
National
Author
anupjishnu
Location
New Delhi,
Delhi,
India
Categories
Political & Governance
Economic & Business
Event Details
On July 1, 2017, the Goods and Services Tax (GST) was launched in a midnight session of Parliament. It replaced a complex web of indirect taxes levied by the central and state governments.
Goal: To create a unified national market ("One Nation, One Tax").
Legacy: Despite initial implementation challenges, GST streamlined the taxation system, increased the tax base, and improved the ease of doing business in India.