To make the first anniversary of GST rollout memorable, the Central Government is planning to organize a mega event to celebrate the GST Day on the coming July 1st. the mega event will be conducted with participation of industry chambers, traders, and tax officials, besides, Finance Minister Piyush Goyal. Union Minister Arun Jaitley too would be addressing the gathering through video conferencing.
The mega-event is being planned at the newly constructed Ambedkar Bhawan in the national capital.
Goods and Services Tax, the biggest tax reform in India, implemented last year in the mid-night of June 30th in the central hall of Parliament, subsuming over a dozen indirect taxes such as excise duty, service tax, entry tax etc. The vision was to transform India to a ‘one nation one tax’ country.
Initially several glitches were there in the system and the revenue collection was not as expected by the Government. However, the system is slowly getting ready. Till now, over 1.11 crore businesses have obtained GST registration.
