Goods and Service Tax
GOODS AND SERVICE TAX During the year 2000 a honourable person of our country started a initiative of combining all the taxes together to avoid the conflict of paying various taxes together for a product . This initiative was later implemented by another person after long 17years of discussion . The route lead by Atal Bihari Vajpayee was later followed by Narendra Modi which lead to the implementation of “GST” during the year 2017 on 1 st of July. The idea of GST was been followed various government officials during these years. Mr.P.Chidambaram was the financial minister during the initial stage of the discussion of GST being pitched at the parliament . Later Pranab Mukherjee the new finance minister of India, announced the basic skeleton of the GST system and then in December 2014 again the new finance minister of India Arun Jaitley submitted the “GST” bill in the parliament and he also mentioned about the implementation of GST from 1 st April...