Saturday, 30 June 2018
July 1 is being celebrated as 'GST Day'.
The government will celebrate July 1, 2018, as 'GST Day' to mark the first anniversary of the new indirect tax regime. Goods and Services Tax (GST) was rolled out in the intervening night of June 30 and July 1, last year, in a ceremony held in the Central Hall of Parliament.
"Union Minister for Railways, Coal, Finance & Corporate Affairs Piyush Goyal will preside over as the Chief Guest of the event and Minister of State for Finance, Shri 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, it added.
"The first year of GST has been an example to the world of the readiness of the Indian taxpayer to be a partner in this unprecedented reform of Indian taxation," the ministry said.
It said the introduction of e-way (electronic 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.
Transporter of goods worth over Rs 50,000 have to generate an e-way bill and show it to GST inspector, if asked. The inter-state e-way bill system was introduced on April 1. As regards intra-state e-way bill, it was rolled out in phases from April 15.
"GST will have a multiplier effect on the economy with benefits accruing to various sectors such as exporters, small traders and entrepreneurs, agriculture and industry, common consumers," the ministry said.
The government will celebrate July 1, 2018, as 'GST Day' to mark the first anniversary of the new indirect tax regime. Goods and Services Tax (GST) was rolled out in the intervening night of June 30 and July 1, last year, in a ceremony held in the Central Hall of Parliament.
"Union Minister for Railways, Coal, Finance & Corporate Affairs Piyush Goyal will preside over as the Chief Guest of the event and Minister of State for Finance, Shri 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, it added.
"The first year of GST has been an example to the world of the readiness of the Indian taxpayer to be a partner in this unprecedented reform of Indian taxation," the ministry said.
It said the introduction of e-way (electronic 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.
Transporter of goods worth over Rs 50,000 have to generate an e-way bill and show it to GST inspector, if asked. The inter-state e-way bill system was introduced on April 1. As regards intra-state e-way bill, it was rolled out in phases from April 15.
"GST will have a multiplier effect on the economy with benefits accruing to various sectors such as exporters, small traders and entrepreneurs, agriculture and industry, common consumers," the ministry said.
"Union Minister for Railways, Coal, Finance & Corporate Affairs Piyush Goyal will preside over as the Chief Guest of the event and Minister of State for Finance, Shri 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, it added.
"The first year of GST has been an example to the world of the readiness of the Indian taxpayer to be a partner in this unprecedented reform of Indian taxation," the ministry said.
It said the introduction of e-way (electronic 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.
Transporter of goods worth over Rs 50,000 have to generate an e-way bill and show it to GST inspector, if asked. The inter-state e-way bill system was introduced on April 1. As regards intra-state e-way bill, it was rolled out in phases from April 15.
"GST will have a multiplier effect on the economy with benefits accruing to various sectors such as exporters, small traders and entrepreneurs, agriculture and industry, common consumers," the ministry said.
TOP COMMENT
GST- General Sluggish Trade. What a great reason for celebration. Arrange special dance sequence in parliament for it.
Any new change is accompanied by difficulties and problems at the outset, it said.
"A change as comprehensive as GST is bound to pose certain challenges not only for the government but also for business community, tax administration and even common citizens of the country," the ministry said
GST- General Sluggish Trade. What a great reason for celebration. Arrange special dance sequence in parliament for it.
Any new change is accompanied by difficulties and problems at the outset, it said.
"A change as comprehensive as GST is bound to pose certain challenges not only for the government but also for business community, tax administration and even common citizens of the country," the ministry said
HAPPY GST DAY.
- एक भारत-सशक्त भारत
- #GSTDay being celebrated to commemorate one year of implementation of India's biggest tax reform - Goods & Services Tax ; One Nation, One Tax, One Market became a reality one year ago with the stroke of midnight on 1st July #GSTturns1
- Centre to celebrate #GSTDay today, which is 1st Anniversary of Goods and Services Tax (GST) coming into force, in New Delhi.
- CGST Offices across India are fully dressed up to welcome GST Day !!! #GSTatOne #GSTturns1 एक भारत सशक्त भारत
- CBIC RetweetedOn completion of 1st Year of implementation of the historic Indirect Tax Reform of GST, the Union Minister of Railways,Coal,Finance & Corporate Affairs,Shri @PiyushGoyal said:No country across the world of Indian size & diversity ever attempted to implement such a mega tax reform
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