Question

Which committee suggested to implement gst in india?

Answer 1

Kelkar committee suggested to implement gst....
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Answer 2

Answer:

The idea of the adoption of the GST in india was that of the Atal Bihari Vajpayee govt in 2000, and his economic panel, that includes the former Governor and the IG patel, the Bimal Jalan and C Rangarajan.

Explanation:

• The GST stands for the goods and service tax and is an indirect form of taxation in India. This tax system is based on a multistage system of slabs like 0%, 5%, 12%, 18%, and 28%. However, the oil and alcoholic beverages and the electricity are not to be included in this taxation system.

• It is separated by the individual state government and the government of the center. The history of the GST stated in the year 1986, with the V.Pratap Singh who introduced the (MODVAT).

• The GST was launched in mid-july 2017 by the president of India. The GFST has an n HSN code which is an 8 digit identification number on products as per the CGST.