GST Journey up until now, History of GST in India (Goods and Service Tax) Check GST Journey from beginning to current time. The Empowered Committee of State Finance Ministers (‘Em powered Committee’) has actually been dealing with the Central Government to prepare a roadmap for introduction of GST in India. Dr. Amit Mitra, the Finance Minister of West Bengal, is the current Chairman of the Empowered Committee. After considering the comments of the Government and having actually detailed considerations, the Empowered Committee launched the First Discussion Paper on GST in November,2009 Afterwards, the Task Force selected by the Thirteenth Finance Commission, Government of India, released a report on December 15, 2009 giving its recommendations on different concerns relating to the style and implementation of the proposed GST in India. Department of Revenue also provided its comments on the First Discussion Paper in January,2010 Now inspect more information for ” GST Journey up until now, History of GST in India” from listed below …
The considerable documents issued by numerous authorities with regard to GST are enlisted listed below:
- ” A Model Roadmap for Goods and Services tax in India” by Empowered Committee of State Finance Ministers in April, 2008
- ” GST Reforms and Inter-Governmental Considerations in India” by Department of Economic Affairs, Ministry of Finance, Government of India in March, 2009
- ” First Discussion Paper on Goods and Services Tax In India” by Empowered Committee of State Finance Ministers in November, 2009
- ” Report of Task Force– 13 th Finance Commission” by Task force set up by 13 th Finance Commission in December, 2009
- ” Comments of Department of Revenue on First Discussion Paper” by Department of Revenue in January, 2010
- “115 th Constitution Amendment (GST) Bill, 2011” by Central Government in March, 2011
- ” Report on the 115 th Constitution Amendment (GST) Bill, 2011″ by Parliamentary Standing Committee on Finance in August, 2013
- “122 nd Constitution Amendment (GST) Bill, 2014” by Central Government in December, 2014 (as the earlier costs lapsed)
- ” Report on the 122 nd Constitution Amendment (GST) Bill, 2014″ by Select Committee of Rajya Sabha in July, 2015
- ” Report on the Revenue Neutral Rate and Structure of Rates for the Goods and Services Tax” by Committee headed by the Chief Economic Adviser Dr. Arvind Subramanian on Possible Tax Rates under GST in December, 2015
- Reports of the Joint Committee on Business Process for GST on GST Payment Process, GST Registration, GST Refund and GST Return by Empowered Committee of State Finance Ministers in the year 2015
- GST Bill Passed in Rajya Sabha on 3rd August 2016 (03-08-2016)
- When GST applies– Modi Government Want to appropriate GST Bill From 1st July 2017, Due to Some Legal Problems GST Bill is not applicable before 1st July 2017.
- In 2017– Four GST associated Bills end up being Act following Presidents assent & passage in Parliament:
- Central GST Bill
- Integrated GST Bill
- Union Territory GST Bill
- GST (Compensation to States) Bill
- In 2017– GST Council settling the GST Rules and GST Rates
- When GST is Applicable– Modi Government Want to relevant GST Bill From 1st July 2017, Due to Some Legal Problems GST Bill is not relevant prior to 1st July 2017.
Must Read–
- GST Scope
- GST Return
- GST Forms
- GST Rate
- GST Registration
- What is GST?
- GST Invoice Format
- GST Composition Scheme
- HSN Code
- GST Login
- GST Rules
- GST Status
- Track GST ARN
- Time of Supply
