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When was Goods and Services Tax (GST) introduced in India? 

  • The Goods and Services Tax (GST) was introduced in India on July 1, 2017.
  • GST is a comprehensive indirect tax on the supply of goods and services in India, and it replaced several other indirect taxes that were levied by the central and state governments.
  • The GST is levied at multiple rates ranging from 0% to 28%, depending on the type of goods or services being supplied.

The GST is administered by the GST Council, which is a joint forum of the central and state governments, and it is responsible for making decisions related to the GST, including the tax rate and the rules for its implementation.