Page 25 - NIS English 01-15 July,2023

6 Years of GST Cover Story

Later, in the general budget of 2006- In the budget speech of 2007-08, it was said to
07, GST was mentioned by the then implement GST all over India from 1 April 2010.
Union Finance Minister. Taking steps But there was no complete agreement among
towards GST in 2007, a joint commit- the states regarding the tax system. After this
tee of state finance ministers was again no final decision could be taken due to
also formed. lack of complete consensus.

Year 2006 Year 2007

Lok Sabha in May 2015 and Rajya
The most important change in the direc-
Sabha in 2016 passed the 101st
tion of one nation-one tax started after
constitutional amendment necessary
2014 when with the change of power in the Year 2014
for GST without any opposition.
country, tough decisions in national inter-
est started to be taken.
Year 2016

Year 2016

In order to implement GST, the
Central Government showed
commitment to amend Articles
246, 248 and 268 by introducing the
Constitution Amendment Bill.

Year 2016 Year 2017

The first meeting of the GST Council was In June 2017, except for
held in September 2016. In March 2017, the Jammu and Kashmir, all
GST Council recommended CGST, SGST, other states approved
UTGST, and Compensation Cess Act. the SGST Act.

Year 2017
GST i.e. One Tax, One Market was
launched on 1st July 2017.

country. A new India has emerged, in which the
Centre and the States collaborate in a cooperative
and harmonious spirit towards a common goal
of shared prosperity, and a new India is writing a
fresh story.

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