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GST Day 2024 - July 01
July 4 , 2024
143 days
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- The day was first observed on July 1, 2018, marking the first anniversary of the tax system’s adoption.
- In August 2016, the Parliament enacted the Constitution (101st Amendment) Act, authorising the central government to charge and collect GST.
- GST is a comprehensive indirect tax, transformed India’s tax system by eliminating multiple complex taxes levied by the central and state governments.
- Goods and Services Tax (GST) has simplified the tax structure by focusing on the destinations, improving transparency and efficiency.
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