Business & Finance

Government plans mega event to mark the anniversary of GST

The government is planning a mega event to mark the first anniversary of GST rollout on July 1 with the participation of industry chambers, traders, and tax officials, besides finance minister Piyush Goyal.

Union minister Arun Jaitley too would be addressing the gathering through video conferencing.

Sources said the government has decided to celebrate July 1 as the ‘GST Day’ and the mega-event is being planned at the newly constructed Ambedkar Bhawan in the national capital.

The biggest tax reform since independence, goods and services tax was launched in 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 into a ‘one nation one tax’ country.

After the initial glitches, the GST system has stabilized and tax collection has also started picking up the pace. Over 1.11 crore businesses are registered under the tax.

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