Goyal to lead GST Day anniversary
The government will celebrate July 1, 2018, as GST Day to mark one year of the Goods and Services Tax. The first year of GST has been an example to the world of the readiness of Indian taxpayers to be a partner in the unprecedented tax reform in India, the Finance Ministry said on Saturday.
By : migrator
Update: 2018-06-30 19:05 GMT
Chennai
GST was rolled out in the intervening night of 30 June and 1 July last year in a ceremony held in the central hall of the parliament.
“Union Minister for railways, coal, finance and corporate affairs, Piyush Goyal, will preside over as the chief guest of the event and minister of state for finance, Shiv Pratap Shukla, will be the guest of honour,” the finance ministry said in a statement. GST subsumed over a dozen local levies and transformed India into “One Nation, One Tax” and binds the country into an economic union, the statement added.
According to the finance ministry statement, introduction of GST e-way bill is a “monumental shift” from the earlier “departmental policing model” to a “self-declaration model”. “It envisages one e-way bill for movement of the goods throughout the country, thereby ensuring a hassle free movement of goods throughout the country,” the ministry said.
The inter-state GST e-way bill system was introduced on 1 April 1 while the intrastate e-way bill was rolled out in phases from 15 April.
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