Govt plans mega event to mark 1st anniversary of GST on July 1

Written by June 27, 2018 09:38

New Delhi: The Government is planning a mega event to mark the first anniversary of GST roll out on July 1 with the participation of industry chambers, traders, and tax officials, said Finance Minister Piyush Goyal.

1st anniversary of GSTUnion Minister Arun Jaitley too would be addressing the gathering through video conferencing.

Sources said the government has decided to celebrate July 1 as the ‘GST-Day’ and the mega-event is being planned at the newly constructed Ambedkar Bhawan in the national capital.

1st anniversary of GST

‘One Nation, One Tax’ launched on June 30, 2017

The biggest tax reform since independence, goods and services tax (GST) was launched in the midnight of June 30 last year by Prime Minister Narendra Modi and the then President Pranab Mukherjee in the central hall of Parliament.

First anniversary of GSTGST has subsumed over a dozen local taxes and transformed India to a ‘one nation one tax’ country. After the initial glitches, the GST system has stabilised and tax collection has also started picking up the pace.

Over 1.11 crore businesses are registered under GST.

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