India completes two years of GST rollout

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BiznextIndia : Today, the country has completed 2 years of the rollout of the Goods and Service Tax (GST), one of the biggest indirect tax reforms since the independence. The Finance ministry is organizing a special event on the occasion of the 2nd Anniversary of GST rollout which will be presided by union minister of state Anurag Thakur.

GST was launched on the 1st July, 2017 in a majestic ceremony held in the Central Hall of Parliament on the midnight of 30th June, 2017. However, the implementation of GST has not been without challenges especially in the early months. But thanks to the cooperation of the Trade and Industry and the yeoman service rendered by the GST authorities of the States and the CBIC, these challenges have been overcome and GST has now settled down. After initial hiccups, monthly GST collections have continued to grow in these two years.

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