Introduction of GST in France
France became the first country in the world to implement a Goods and Services Tax (GST) system. This model served as a reference for many other countries in the following decades.
1954
1991
GST Proposal in India
The concept of GST was first proposed in India by the then Finance Minister, Dr. Manmohan Singh, during the economic reforms of 1991. However, it took several years of discussions and planning before it was implemented.
2000
Formation of the Empowered Committee in India
The Indian government set up the Empowered Committee of State Finance Ministers to design and develop the Goods and Services Tax (GST) model suitable for the country.
2003
Kelkar Task Force Report
The Kelkar Task Force on the implementation of the Fiscal Responsibility and Budget Management (FRBM) Act recommended the introduction of GST in India to replace the existing tax regime.
2006
GST Announcement in India
The then Finance Minister of India, P. Chidambaram, announced in his budget speech that GST would be implemented from April 1, 2010.
2011
Introduction of the 115th Constitutional Amendment Bill
The 115th Constitutional Amendment Bill was introduced in the Indian Parliament to facilitate the introduction of GST. However, it lapsed with the dissolution of the 15th Lok Sabha.
2014
Introduction of the 122nd Constitutional Amendment Bill
The 122nd Constitutional Amendment Bill was introduced in the Indian Parliament to pave the way for the implementation of GST. This bill was later passed in 2016.
2015
Passing of the GST Bill in Lok Sabha
The GST Bill was passed in the Lok Sabha, marking a significant step towards the implementation of GST in India.
2016
Passing of the GST Bill in Rajya Sabha
The GST Bill was passed in the Rajya Sabha, and subsequently, the President of India gave his assent to the bill, making it a law.
2017
Launch of GST in India
On July 1, 2017, India officially launched the Goods and Services Tax (GST), replacing multiple indirect taxes with a unified tax system.
2018
Introduction of e-Way Bill System
India introduced the e-Way Bill system for the interstate movement of goods to ensure compliance and reduce tax evasion under the GST regime.
2019
Implementation of New GST Return System
The Indian government announced a new GST return system to simplify the filing process and improve compliance. This system was rolled out in phases.
2020
GST Compensation Cess Issue
The Indian government faced challenges in compensating states for revenue losses under GST due to the economic impact of the COVID-19 pandemic. This led to discussions and negotiations between the central and state governments.
2021
GST Council Meetings on Rate Rationalization
The GST Council held several meetings to discuss and rationalize GST rates on various goods and services to address revenue shortfalls and economic challenges.
2022
Introduction of e-Invoicing
India expanded the scope of e-Invoicing under GST to include more businesses, aiming to improve transparency and reduce tax evasion.
2023
GST Rate Changes
The GST Council approved several changes in GST rates for various goods and services to address economic conditions and revenue needs.
2024
Further Simplification of GST Compliance
The Indian government introduced further measures to simplify GST compliance, including enhanced digital tools and streamlined return filing processes.
