History Of GST Good and services tax(GST) was introduced in the year 2000 when the BJP govt. formed the committee to design a model for goods and services tax. On 28th Feb 2006, during the budget season of (2006-07) of the union govt., then the Finance Minister made the announcement that goods and services tax would be introduced from 1st April 2010 and that the empowered committee of state finance minister, only ministry`s request , would work in tandem with central govt. in preparing a roadmap for introduction of Goods and Services Tax in India. What is GST bill? “what is GST” GST means “Good and Services tax” in which the Consumer is the king. It is the 122nd Amendment of the Indian Constitution. The Goods and Services Tax bill, is to be India’s biggest tax reform, will simplify the current system of taxation. The bill will convert the country into a unified market by replacing all indirect taxes with one tax. This is an indirect tax which ...
All You Need To Know