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ned as a “good and simple tax.” However, over time, it has become increasingly complex. While a national GST would have been an ideal value added tax (VAT) system, the imperatives of a federal structure led to a compromise, resulting in a dual GST system comprising Central GST (CGST), State GST (SGST) and Integrated GST (IGST).
Cochin Chapter of the Institute of Cost Accountants of India (ICMAI), is conducting webinar on 25.07.2025 at 8:30 AM to 5:30 PM.
When the Goods and Services Tax (GST) was rolled out in July 2017, Tamil Nadu, like several other manufacturing-heavy States, had its reservations. Sever years on, the evidence is mixed but hopeful. Tamil Nadu’s GST journey reflects a broader structural transition from manual to digital, informal to formal, and isolated to integrated.
This month, India’s goods and services tax (GST) completed eight years. This is a milestone reform. It is a consumption tax that unifies the national economic market, getting rid of inter-state frictions and tax cascades, and is fully electronic with in-built incentives for compliance and prevention of leakage. In the five years since 2020-21, annual gross GST collections have more than doubled to ₹22 trillion.
As India marks eight years since the rollout of the Goods and Services Tax (GST) on 01.07.2017, debates continue over the tax reform’s effectiveness, fairness, and structural design.
The focus on the GST, which completes 8 year on Tuesday, will now be on promoting ease of doing business, ensuring stronger compliance and fostering broader economic inclusion, the finance ministry said.
As India marks eight years since the implementation of the Goods and Services Tax (GST) on July 1, 2025, it’s time to reflect on its progress and look ahead to GST 2.0.
Arunachal Pradesh has posted a remarkable ₹1200 crore increase in revenue GST regime during the last fiscal year, marking a significant boost in tax compliance and economic momentum. The milestone was announced by Commissioner of Tax and Excise Lobsang Tsering during the 8th GST Day celebration held at the State Banquet Hall in Itanagar on Tuesday.
CGST Mumbai Zone celebrated 8 years of GST inviting senior officers within GST department and also film stars viz Anu Malik & Kartik Aryan’s Parents.
Here is the compilation of the stories published in media on celebration of 8 years of GST –
