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Journey of the Implementation of GST in India - https://bit.ly/2w5k8W4

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Presentation on theme: "Journey of the Implementation of GST in India - https://bit.ly/2w5k8W4"— Presentation transcript:

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

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

5 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

6 Finance minister Finance minister Manmohan Singh introduced service tax

7 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

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

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

10 New FM Pranab Mukherjee announced the basic structure of GST. Finance Minister

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

12 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

13 FM Chidambaram interacted with state finance minister to resolve all issues. Finance Minister

14 Standing Committee submitted its report to Parliament. The panel gave its approval with some amendments.

15 FM Arun Jaitley presented the bill in Parliament. Finance Minister

16 The Lok Sabha passed the GST Constitution Amendment Bill.

17 The bill is not passed in the Rajya Sabha.

18 The Congress-led opposition finally agrees to the bill after four broad amendments. The bill was passed in the Rajya Sabha.

19 Finally, GST was implemented all over the country.

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

21 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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