Draft a report (within 200 words) on GST rollout celebration.
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Know, through which obstacles GST reached the destination in 17 years!
President "Pranab Mukherjee" launched the GST by pressing the button at noon on Friday in the Central Hall of Parliament. This is the biggest tax reform in the country after 17 years of a long journey. After the implementation of GST, a country with a population of about 1.3 billion has turned into a market. 2000: The then Prime Minister Atal Bihari Vajpayee set up a committee under the chairmanship of the then Finance Minister of West Bengal Aseem Dasgupta to decide the design of the GST model.
January 16, 2017: Jaitley sets July 1 as the deadline to implement GST. The controversial issue of double control and taxation of goods at sea was agreed between the Center and the states.
February 18: "Council finalizes the draft Compensation Bill" to compensate any revenue loss to the states in the first 5 years of implementing GST.
March 20: Cabinet approves CGST, IGST, and UT GST and Compensation Bill. The Lok Sabha and Rajya Sabha passed the four important GST Bills - Central GST, Consolidated GST, State GST, and Union Territory GST.
This way the storms were ended by then. Be there to cherish the rollout and be a part of our celebration on the 5th of October 2019.
Thank you.