GST implemented 17 years after being proposed
The Goods and Services Tax (GST) was first proposed 17 years ago, when the then Prime Minister Atal Bihari Vajpayee formed a GST committee. A proposed model was first placed during 2006 Budget speech, and the then Finance Minister P Chidambaram announced in 2010 that GST will be implemented from April 2011. It finally got President's approval in September 2016.
India's biggest tax reform -- Goods and Services Tax (GST) -- is going to come into effect from July 1. The framework of the tax reform was formed 17 years ago during Atal Bihari Vajpayee government. The tax reform is now being taken over by the Modi government marking some historical moves.Also Read:GST midnight bash: To attend or not to attend? Sonia Gandhi to meet Manmohan Singh to decide today