THE genesis of ideas in India was the Gelcoat task force in 2004 who recommended the fully integrated GST idea in India on a national basis.
Central budget (2007-2008):-those inseminates and the government and its central budget are wise just due to being implemented. In India with the effort from April 1, 2010. but those deadlines were missed and subsequently India government they tabled this constitutional amendment bill that is 100 world dominant on 19th of December 2014 and these bills were passed by looks upon sixt made in 15 androgens of our on august 2016 then with the ratification by more than 50 percent of the states.
These bills have received the assent of the President of India on 8 September 2016 and it had become constitutions.hundred and one is for one amendment act right on 27 march 2017 that is in the next year central goods and service tax bill 2017 integrated goods and so expertly to those unsounded union did the goods and services tax bill to those in Scranton and goods and so is this tax competition to states will do those 17 that injured used in the LOK Sabha and these bills were passed on 29 March 2017 and they received the assent of the president on the world April doesn’t sound in and these bills were enacted then
State GST loss has been enacted because the cental act was enacted first the enactment of intellect was followed by the enactment of state GST laws by state legislatures.many states like dealing are not allowed to stand Panjab go what they have shown interest first because they are the first ones to implement the respective state laws.
So this GST is seen as the part breaking in that tax reform in India because it is going to create what is known as Kullman national market so by having GST we are saying goodbye to many of the existing taxes,
It means diest is subsumed to multiple indirect taxes like X is a duty so is tax bad see just luxury tax and the diamondbacks entered X all these are not they.no we have only one tax G S D and if you look at the history of GST flans introduced GST it was the first country to introduce GST in 1954. after that on 60 countries have adopted GST because GST has the capacity to raise revenue in a very very it transparent and neutral manner