Page 24 - NIS English 01-15 July,2023

What started in the year 2000 achieved a milestone in 2017

The first idea of a one nation-one tax system in India
was mooted in the year 2000. Atal Bihari Vajpayee's
government was then at the center. An Empowered
Committee was constituted but due to some
reasons, it did not move forward at that time.

Year 2000
E-Way Bill: A step towards
greater transparency

n E-way bill is making freight movement easier. In this,
online registration of goods above Rs 50,000 is done. This
e-way bill acts as a ticket for the entire journey.

n In order to strengthen the One Nation, One Market, the
e-way bill was introduced at the state level from April
1, 2018, and then from June 16, 2018, for the entire coun-
try. Around 325 crore e-way bills have been generated
Since the subject was under the jurisdiction
online since inception till June 2023.
of both the Center and the states, it was nec-
325 essary to be ratified by more than half of the
crore country's state assemblies after Parliament.
e-way bill
Assam Legislative Assembly was the first to
approve it on 25 August 2016.

Year 2016

77.39
55.78 62.88 61.68 crore
crore crore
crore

Year 2017

On July 8, 2017, Jammu
2018-19 2019-20 2020-21 2021-22 Total till June 2023
and Kashmir passed the
SGST Act.
encouraged voluntary tax registration.
Without a doubt, this reform brought India one
step closer to a goods tax system, which increased the system of filing returns has become simple
business activity in the country, gave the country's and convenient due to a single tax system. The
GDP a new look, and was also successful in success of GST demonstrates that, whereas old
controlling inflation. As a result, small and large India was economically fragmented, new India
business owners can do business easily today, and has become one tax and one market for one

22 New India Samachar July 1-15, 2023