FM releases case study on GST

Finance Minister Arun Jailtey on Tuesday released a case study titled ‘The GST Saga: A Story of Extraordinary National Ambition’ on the birth of the Goods and Services Tax (GST) in India. “In view of the successful roll-out of the GST on July 1, 2017, it was felt that there was a need for the public to know the story of how GST evolved, its timeline, the different stakeholders involved and how it eventually culminated in its inauguration in the Central Hall of Parliament of India on the midnight of June 30, 2017 and July 1, 2017, by the president and prime minister of India,” an official statement said.
 
“Other salient features such as the dates on which the SGST laws were enacted in the 31 states, peculiarity of the Indian GST model, how the fitment of rates was done and the IT backbone of GST have also been addressed in the case study, thus making it a concise yet comprehensive repository of the GST story,” the statement added.