Goods and Services Tax (GST) Day aims to honour the successful implementation of the GST regime in the country.
The Parliament passed the Constitution (101st Amendment) Act in August 2016.
It is giving the central government the power to levy and collect GST.
On July 1, 2017, GST was implemented across India.
It is creating a unified market for seamless trade between states.
GST has replaced multiple indirect taxes, such as excise duty, service tax, and value-added tax (VAT), levied by both the central and state governments.
This has made the tax system simpler and more transparent.