What is GST? (Goods and Services Tax)

14/12/2015 Other Services

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The Goods and Service Tax GST happens to be one of the biggest taxation reforms in India. It had been introduced in the Parliament as the one hundred and twenty second amendment bill, by Finance Minister ArunJaitley on the 19th of Dec 2014. The LokSabha voted in favour of the bill and passed it on the 6th of May, 2015 with a strong mandate of 352 votes for it and only 37 against it. The bill was moved to the RajyaSabha on 11th May, 2015 from where it has not yet been passed.

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