Journal Press India^®

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The introduction of Goods and Service Tax (GST) has been one of the most ambitious and dynamic tax reforms in the history of India. Recommended first in 2003 by the Task Force on Implementation of the Fiscal Responsibility and Budget Management Act, the implementation of GST has seen many roadblocks since the introduction of the idea. However, it now stands ready to be rolled out after considerable deliberations and addressing of pertinent issues. This paper traces the preparations in India for the introduction of GST, starting from the time when the idea was introduced in the Parliament till after eleven years when it stands ready to be implemented. It is attempt to enable us to appreciate the magnitude of efforts of the policy makers in making India a common dynamic market.

Keywords

Goods and Service tax (GST), VAT, Central Sales Tax, Budget

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