GST Day is being celebrated today to commemmorate one year of implementation of the Goods and Services Tax. One Nation, One Tax, One Market became a reality one year ago with the stroke of midnight on 1st July.
The biggest tax reform of the world was achieved in the shortest possible time. The benefits being accrued to States and Centre alike through this tax reform is actually the testimony of real Cooperative federalism and the strength of Indian Democracy.
Before implementation of GST, Indian taxation system was a mix of central, state and local area levies.
GST has replaced multi-layered, complex indirect tax structure with a simple, transparent and technology-driven tax regime.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
