Journey of the Implementation of GST in India

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Journey of the Implementation of GST in India
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Interestingly, GST discussion started in 1986-8,
and it took almost 30 years to get implemented in
India!
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Let me watch how GST rolled out in all these
years.
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In February 1986
VP Singh introduced modified VAT (Value Added Tax)
i.e., MODVAT
laid the foundation of the only tax system in the
country
V.P. Singh
Prime Minister of India
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In 1989-1996
Finance minister Manmohan Singh introduced
service tax
Manmohan Singh
Finance minister
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January 2000
When Atal Bihari Vajpayee was PM, and
Yashwant Sinha was FM, it was decided to maintain
a uniform rate for the sales taxes between the
states
Atal Bihari Vajpayee
Prime Minister of India
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In 2004
Then finance ministry advisor Vijay L Kelkar
suggested a comprehensive GST in countrys
interest.
Vijay L. Kelkar
Finance Ministry Advisor
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In 2004
P Chidambaram campaigned for the introduction of
VAT to provide financial assistance to the
states.
P Chidambaram
Finance Minister
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In 2009
New FM Pranab Mukherjee announced the basic
structure of GST.
Pranab Mukherjee
Finance Minister
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UPA Government
UPA Government started the computerization
project of commercial tax in states which pushed
implementation of GST in India by one year.
In 2010
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In 2011
Manmohan Singh introduced the Constitution
Amendment Bill in Lok Sabha to implement GST.
Following a protest by the opposition party, the
Bill was sent to standing committee for detailed
examination.
Manmohan Singh
Prime Minister of India
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In 2012
FM Chidambaram interacted with state finance
minister to resolve all issues.
P Chidambaram
Finance Minister
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Indian Parliament
Standing Committee submitted its report to
Parliament. The panel gave its approval with some
amendments.
In 2013
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December 2014
FM Arun Jaitley presented the bill in Parliament.
Arun Jaitley
Finance Minister
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Lok Sabha
The Lok Sabha passed the GST Constitution
Amendment Bill.
May 2015
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Rajya Sabha
August 2015
The bill is not passed in the Rajya Sabha.
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The Congress-led opposition finally agrees to the
bill after four broad amendments. The bill was
passed in the Rajya Sabha.
August 2016
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Finally, GST was implemented all over the country.
1 July 2017
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O My God, implementation of GST took a lot of
years to be implemented. But I know Good things
always take time.
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Sources
http//www.sifytechnologies.com/services/get-gst-r
eady-sap/
https//www.pexels.com
https//timesofindia.indiatimes.com/india/How-GST-
will-be-implemented/articleshow/53538865.cms
https//timesofindia.indiatimes.com/gst/infographi
cs/30-years-to-gst/articleshow/59387995.cms
https//en.wikipedia.org
http//www.itinformers.com/get-ready-tax-transform
ations-gst-sap-solutions/
https//pixabay.com/
https//www.youtube.com/watch?vQxf0ZfIVBzA
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