The introduction of GST was a game changer for the Indian economy as it has replaced multi-layered, complex indirect tax structure with a simple, transparent and technology-driven tax regime, it said. The ministry said it will introduce the new return system on a trial basis from 1 July and on mandatory basis from 1 October. The goods and services tax (GST) was implemented through a gala ceremony held in the central hall of Parliament at the midnight of 30 June 2017 and came into effect from 1 July 2017. The government said GST has integrated India into a single common market by breaking barriers to inter-state trade and commerce. The Central Board of Indirect Taxes and Customs' officers who have put in hard work in the implementation of GST will be awarded 'GST Commendation Certificates' by Thakur, release said.

Source: Mint June 30, 2019 11:15 UTC