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Published bySandeep Srivastava Modified over 6 years ago
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Interestingly, GST discussion started in 1986-8, and it took almost 30 years to get implemented in India!
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Let me watch how GST rolled out in all these years.
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Prime Minister of India VP Singh introduced modified VAT (Value Added Tax) i.e., MODVAT laid the foundation of the only tax system in the country
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Finance minister Finance minister Manmohan Singh introduced service tax
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When Atal Bihari Vajpayee was PM, and Yashwant Sinha was FM, it was decided to maintain a uniform rate for the sales taxes between the states Prime Minister of India
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Then finance ministry advisor Vijay L Kelkar suggested a comprehensive GST in country’s interest. Finance Ministry Advisor
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P Chidambaram campaigned for the introduction of VAT to provide financial assistance to the states. Finance Minister
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New FM Pranab Mukherjee announced the basic structure of GST. Finance Minister
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UPA Government started the computerization project of commercial tax in states which pushed implementation of GST in India by one year.
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Manmohan Singh introduced the Constitution Amendment Bill in Lok Sabha to implement GST. Following a protest by the opposition party, the Bill was sent to standing committee for detailed examination. Prime Minister of India
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FM Chidambaram interacted with state finance minister to resolve all issues. Finance Minister
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Standing Committee submitted its report to Parliament. The panel gave its approval with some amendments.
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FM Arun Jaitley presented the bill in Parliament. Finance Minister
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The Lok Sabha passed the GST Constitution Amendment Bill.
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The bill is not passed in the Rajya Sabha.
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The Congress-led opposition finally agrees to the bill after four broad amendments. The bill was passed in the Rajya Sabha.
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Finally, GST was implemented all over the country.
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O My God, implementation of GST took a lot of years to be implemented. But I know – Good things always take time.
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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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