88. Goods and service tax was first
mentioned in the budget of the year
(1) 2010 - 11
(2) 2007-08
(3) 2017 – 18
(4) 2016-17
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GST was first mentioned in the budget of the year 2007-08.
- In P Chidambaram's presidential Budget speech in the year 2006, the Goods and Services Tax was first mentioned
- Under the economic UPA-II regime, Chidambaram first proposed the fundamental concept of efficiently creating a single uniform tax regime.
- At midnight on 1 July 2017, Prime Minister Narendra Modi carefully put GST into active service.
- But GST had been in the making for nearly two marked decades since the fundamental idea was first suggested under the Atal Bihari Vajpayee government.
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