GoI plans mega event to mark 1st anniversary of GST on July 1

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NEW DELHI: The government of India (GoI) is planning a mega event to mark first anniversary of GST rollout on July 1 with participation of industry chambers, traders, and tax officials, besides finance minister Piyush Goyal.
Indian minister Arun Jaitley too would be addressing the gathering through video conferencing.
Sources said the GoI has decided to celebrate July 1 as the ‘GST Day’ and the mega-event is being planned at the newly constructed Ambedkar Bhawan in New Delhi.
The biggest tax reform since India’s independence, goods and services tax (GST) was launched on the midnight of June 30 by Prime Minister Narendra Modi and the then President Pranab Mukherjee in the central hall of Parliament.
GST has subsumed over a dozen local taxes and transformed India to a ‘one nation one tax’ country.
After the initial glitches, the GST system has stabilised and tax collection has also started picking up pace. Over 1.11 crore businesses are registered under GST.

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