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Seven Years Of GST: Rate Rationalisation, Tribunal Operations Remain Top Picks For 2.0

GST has achieved significant milestones since implementation. But its promise to become the 'good and simple tax' remains a work in progress.

<div class="paragraphs"><p>(Source: Ministry of Finance/X) </p></div>
(Source: Ministry of Finance/X)
On the eve of July 1, 2017, in a special joint session of the Parliament at midnight, then President of India Pranab Mukherjee launched the Goods and Services Tax—an indirect tax reform that was decades in the making—which would subsume multiple state and Union level indirect tax levies into one. Seven years into its implementation on July 1, 2024, India's indirect tax reform has achieved significant milestones in terms of healthy bu...
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