Introduction of GST Concept
The Vajpayee government initiated discussions on GST in India. An empowered committee was set up to design the GST model and oversee its implementation.
2000
2003
Kelkar Task Force Recommendations
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
In his budget speech, Finance Minister P. Chidambaram set April 1, 2010, as the target date for the implementation of GST in India.
2009
Release of First Discussion Paper
The Empowered Committee of State Finance Ministers released the First Discussion Paper on GST, outlining the structure and framework of GST in India.
2011
Constitutional Amendment Bill Introduced
The 115th Constitutional Amendment Bill was introduced in the Lok Sabha to facilitate the introduction of GST in India.
2014
Reintroduction of GST Bill
The NDA government under Prime Minister Narendra Modi reintroduced the GST Bill as the 122nd Constitutional Amendment Bill in the Lok Sabha.
2015
Passing of GST Bill in Lok Sabha
The Lok Sabha passed the GST Bill on May 6, 2015, marking a significant milestone in the journey towards GST in India.
2016
GST Bill Passed in Rajya Sabha
The Rajya Sabha passed the GST Bill on August 3, 2016. Subsequently, the bill received presidential assent on September 8, 2016.
2017
GST Council Formation
The GST Council was formed to oversee the implementation and administration of GST in India. The council includes representatives from both the central and state governments.
2017
Rollout of GST in India
GST was officially launched on July 1, 2017, by Prime Minister Narendra Modi in a historic midnight session of Parliament.
2018
Simplification of GST Returns
The GST Council approved the simplification of GST return filing processes to make compliance easier for businesses in India.
2019
Introduction of E-invoicing
The GST Council introduced the concept of e-invoicing to streamline the invoicing process and curb tax evasion in India.
2020
Implementation of New Return Filing System
A new return filing system was introduced to further simplify the GST compliance process for taxpayers in India.
2021
GST Compensation Cess Extended
The GST Council extended the GST compensation cess till 2026 to help states meet their revenue shortfall.
2022
GST Rate Rationalization
The GST Council undertook a comprehensive review of GST rates and rationalized various tax rates to address anomalies and simplify the tax structure.
2023
Introduction of GST on Cryptocurrencies
The GST Council decided to bring cryptocurrencies under the GST regime, imposing an 18% tax on transactions involving digital currencies in India.
2024
Expansion of GST Network (GSTN)
The GST Network (GSTN) was further expanded to enhance the technological infrastructure and improve the efficiency of GST administration in India.
