Journey of the Implementation of GST in India - PowerPoint PPT Presentation

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Journey of the Implementation of GST in India

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Many of us are happy and some of us are sad for GST implementation, but do you know about the journey of implementation of GST in India? Keep viewing this PPT to know the progress of GST year vise. To explore more about it - visit - – PowerPoint PPT presentation

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Title: Journey of the Implementation of GST in India


1
Journey of the Implementation of GST in India
2
Interestingly, GST discussion started in 1986-8,
and it took almost 30 years to get implemented in
India!
3
Let me watch how GST rolled out in all these
years.
4
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
5
In 1989-1996
Finance minister Manmohan Singh introduced
service tax
Manmohan Singh
Finance minister
6
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
7
In 2004
Then finance ministry advisor Vijay L Kelkar
suggested a comprehensive GST in countrys
interest.
Vijay L. Kelkar
Finance Ministry Advisor
8
In 2004
P Chidambaram campaigned for the introduction of
VAT to provide financial assistance to the
states.
P Chidambaram
Finance Minister
9
In 2009
New FM Pranab Mukherjee announced the basic
structure of GST.
Pranab Mukherjee
Finance Minister
10
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
11
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
12
In 2012
FM Chidambaram interacted with state finance
minister to resolve all issues.
P Chidambaram
Finance Minister
13
Indian Parliament
Standing Committee submitted its report to
Parliament. The panel gave its approval with some
amendments.
In 2013
14
December 2014
FM Arun Jaitley presented the bill in Parliament.
Arun Jaitley
Finance Minister
15
Lok Sabha
The Lok Sabha passed the GST Constitution
Amendment Bill.
May 2015
16
Rajya Sabha
August 2015
The bill is not passed in the Rajya Sabha.
17
The Congress-led opposition finally agrees to the
bill after four broad amendments. The bill was
passed in the Rajya Sabha.
August 2016
18
Finally, GST was implemented all over the country.
1 July 2017
19
O My God, implementation of GST took a lot of
years to be implemented. But I know Good things
always take time.
20
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
21
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