What is GST

On February 1, 2006, New Finance Minister P Chidambaram presented GST outlet on April 1, 2006, after the defeat of the BJP-led NDA government and the Congress-led UPA government’s election.

Asim Dasgupta resigned after Trinamool Congress expelled from CPI (M) in West Bengal. Dasgupta said in his interview that 80 percent of jobs were done.

 The NDA government

In 2014, the NDA government has come under Narendra Modi’s leadership. As a result of the 15th Lok Sabha, the GST Bill approved by the Standing Committee for Reconstruction has expired.

Seven months after the formation of the Modi government, the new Finance Minister Arun Jaitley presented the GST Bill in the Lok Sabha. In February 2015, Jaitley came forward to implement Jaitley on 1 April 2017.

In May 2016, the Amendment Bill passed by the Lok Sabha. However, due to differences in various statements in the bill regarding tax concessions, the Rajya Sabha elections will be held again in GSTV. The Congress leadership responded that the bill should be brought back.

Finally passed the Amendment Bill, August 2016. In the next 15-20 days, 18 states approved the GST Bill and President Pranab Mukherjee accepted it.

A committee comprising of 22 members was formed to check the specific GST laws. [8] All states, Union Territories, State and Union Territories except Jammu and Kashmir passed the laws of the GSD and deduced tax concessions on 1 July 2017. [9] The Jammu and Kashmir State Assembly won on July 7, 2017, to ensure that the GST Act was brought into force in a unified indirect taxation system. The GST did not have the right to sell and purchase securities. This continues to be under the control of Securities Transaction Tax (STT).

isionadh Pratap Singh, Finance Minister of the Rajiv Gandhi government, started indirect tax reforms in 1986, with the revised value added tax (MOD VAT). Later, the then Prime Minister of India, PV Narasimha Rao and Finance Minister Manmohan Singh, began a debate on value-added tax at the state level. In 1999, IG Patel, Bimal Jalan and C Rangarajan, former governors of a Reserve Bank, proposed a meeting between Prime Minister Atal Bihari Vajpayee and his Economic Advisory Council. Vajpayee was formed to form a committee headed by Finance Minister Azim Dasgupta in West Bengal.

The Ravi Dasgupta Committee was entrusted to set up Back End Technologies and Logistics (later known as GST network or GSTN in 2017) to implement a unified taxation system in the country. In 2002, the Vajpayee government formed a task force under Vijay Kelkar. In 2005, the Kelkar committee recommended the expulsion of the GST as recommended by the 12th Finance Commission.

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