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Journey of the Implementation of GST in India

Many of us are happy and some of us are sad for GST implementation, but do you know about the journey of implementation of GST in India? Keep viewing this PPT to know the progress of GST year vise. To explore more about it - visit - https://bit.ly/2w5k8W4

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Journey of the Implementation of GST in India

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  1. Journey of the Implementation of GST in India

  2. Interestingly, GST discussion started in 1986-8, and it took almost 30 years to get implemented in India!

  3. Let me watch how GST rolled out in all these years.

  4. In February 1986 VP Singh introduced modified VAT (Value Added Tax) i.e., MODVAT laid the foundation of the only tax system in the country V.P. Singh Prime Minister of India

  5. In 1989-1996 Finance minister Manmohan Singh introduced service tax Manmohan Singh Finance minister

  6. January 2000 When AtalBihari Vajpayee was PM, and YashwantSinha was FM, it was decided to maintain a uniform rate for the sales taxes between the states AtalBihari Vajpayee Prime Minister of India

  7. In 2004 Then finance ministry advisor Vijay L Kelkar suggested a comprehensive GST in country’s interest. Vijay L. Kelkar Finance Ministry Advisor

  8. In 2004 P Chidambaram campaigned for the introduction of VAT to provide financial assistance to the states. P Chidambaram Finance Minister

  9. In 2009 New FM Pranab Mukherjee announced the basic structure of GST. Pranab Mukherjee Finance Minister

  10. UPA Government UPA Government started the computerization project of commercial tax in states which pushed implementation of GST in India by one year. In 2010

  11. In 2011 Manmohan Singh introduced the Constitution Amendment Bill in LokSabha to implement GST. Following a protest by the opposition party, the Bill was sent to standing committee for detailed examination. Manmohan Singh Prime Minister of India

  12. In 2012 FM Chidambaram interacted with state finance minister to resolve all issues. P Chidambaram Finance Minister

  13. Indian Parliament Standing Committee submitted its report to Parliament. The panel gave its approval with some amendments. In 2013

  14. December 2014 FM ArunJaitley presented the bill in Parliament. ArunJaitley Finance Minister

  15. LokSabha The LokSabha passed the GST Constitution Amendment Bill. May 2015

  16. RajyaSabha August 2015 The bill is not passed in the RajyaSabha.

  17. The Congress-led opposition finally agrees to the bill after four broad amendments. The bill was passed in the RajyaSabha. August 2016

  18. Finally, GST was implemented all over the country. 1 July 2017

  19. O My God, implementation of GST took a lot of years to be implemented. But I know – Good things always take time.

  20. Sources: http://www.sifytechnologies.com/services/get-gst-ready-sap/ https://www.pexels.com https://timesofindia.indiatimes.com/india/How-GST-will-be-implemented/articleshow/53538865.cms https://timesofindia.indiatimes.com/gst/infographics/30-years-to-gst/articleshow/59387995.cms https://en.wikipedia.org http://www.itinformers.com/get-ready-tax-transformations-gst-sap-solutions/ https://pixabay.com/ https://www.youtube.com/watch?v=Qxf0ZfIVBzA

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