India will celebrate 1st July as the “Goods & Services Tax DAY”. This year, it is the second anniversary of the implementation of historic tax reform of Goods & Services Tax.
The introduction of GST in the Indian economy has replaced a multi-layered, complex indirect tax structure with a simple, transparent and technology-driven tax regime.
Static/Current Takeaways Important For ESIC:
- GST was launched on 1st July 2017 in New Delhi.
- Chairperson of GST Council: Union Finance Minister of India.
Source: The DD News
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