100 days of GST: From launch to scope of reducing slabs, journey of the tax reform so far
Wednesday, October 4, 2017 IST
On July 1, the government made an ambitious shift to what it promised was a modern, transparent and technology-driven indirect tax system to sharpen the competitive edge of a $2.3-trillion economy. The tax reform, which holds the promise of economically unifying the nation, is set to complete 100 days on October 8.
Here’s a look at the journey so far:
July 1: Prime Minister Narendra Modi and President Pranab Mukherjee launch GST from the Central Hall of Parliament; Government imposes 10% basic customs duty on imported cellphones and certain parts.
First day of GST witnesses blackout in sales of items such as cars and refrigerators.
July 7: Consumer affairs minister Ram Vilas Paswan clarifies that pasting stickers with revised prices on pre-July stock is not a breach of rules; allows revised MRP stickers till September 30.
July 8: Former president Pranab Mukherjee promulgates two ordinances introducing GST in Jammu and Kashmir. The government spares airlines from dual levy of GST on leased aircraft.
July 10: Government clarifies that benefits to staff by employers as part of employment contract, occasional gifts up to Rs 50,000 are not subject to GST.
Related Topics
Trending News & Articles
While the Uttarakhand High Court has asked to block 857 websites, the Ministry of Electronics and IT (Meity) found 30 portals without any pornographic content.
...
Recently posted . 64K views . 1 min read
The four boys as well as five school officials, including the director and principal, were arrested after the incident. The minors were presented before the Juvenil...
Recently posted . 10K views . 1 min read
Rahul was having an Italian passport and was carrying suitcase full of dollars. Some say it was about was it $2 million.
Rahul and his girl friend was th...
Recently posted . 9K views . 7 min read
True – Tr...
Recently posted . 8K views . 83 min read
More in National
An informal measure of a hotel’s culinary prowess, the sandwich is the glamorous icon of room service
Recently posted. 1K views . 0 min read
A Comptroller and Auditor General (CAG) report has confirmed that the food served by the Railways is unfit for human consumption.
The audit repo...
Recently posted. 1K views . 16 min read
A kitchen sponge is exposed to all kinds of different microbes, thus forming a vast microbiome of bacteria and providing rich food sources for phages
Recently posted. 873 views . 1 min read
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 2K views
Recently posted . 2K views
Recently posted . 2K views . 74 min read
Recently posted . 2K views . 86 min read
Being overweight takes a toll on your confidence levels and the way you feel about yourself. From not being able to fit into the clothes of your size to facing unso...
Recently posted. 1K views . 3 min read
Heart health is imperative for general wellbeing. Blockages in the heart can bring about stroke, hypertension, diabetes and atherosclerosis.
Thus we give...
Recently posted. 1K views . 44 min read