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Goods and Services Tax (GST) Day – July 01
July 5 , 2022
849 days
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- GST was launched on intervening night of June 30 and July 1, 2017, in a ceremony held in the central hall of Parliament.
- It was first observed on July 1, 2018 marking the one-year anniversary of implementation of the new tax regime.
- It was introduced with the idea of “One Nation-One Market-One Tax”.
- GST is an indirect, multi-stage, consumption-based tax system.
- However, items including petroleum, liquor, and stamp duty have not been added to GST.
- These items follow the old tax system.
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