Question

Short note on history of GST.​

Answer 1

_______GST________

GST stands for Goods and Services Tax.It was enforced by the government under the leadership of Mr.Narendra modi and the other cabinet ministers.

On 1st july,2017 GST was enforced in India at the place of all other taxes which were paid by the businessmen,Traders,etc.

This mode of tax helps them to pay the whole kinds of taxes at a time at the place of all other taxes.

Hope it helps

Answer 2

Answer:-

The history of Gst can be described into three steps:

1: In the year 2000, a committee was set up by the prime minister to introduce the concept of Gst in the country.

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2:  In 2003, the Central Government formed a taskforce on Fiscal Responsibility and Budget Management.

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3: In 2004, recommended GST replaced the existing tax regime by introducing a comprehensive tax on all goods and services