Second anniversary of GST to be celebrated today

New Delhi: The second anniversary of Good & Services Tax (GST), launched on July 1, 2017, with ‘one nation, one tax’ aim, will be celebrated on Monday.

Union Minister of State for Finance and Corporate Affairs Anurag Thakur will be the chief guest, said an official statement, adding that partners from trade and industry will also join the occasion.

Subhash C Garg, Secretary, Department of Economic Affairs, Dr Ajay Bhushan Pandey, Revenue Secretary, Secretaries of the Ministry of Finance, PK Das, Chairman CBIC, Members of CBIC, and senior officers of various Ministries of Government of India will also attend the event.

“Senior functionaries of the apex chambers of commerce, trade and industry will also be present in large numbers. Similar functions will be held across the country in all States and Union Territories,” said the statement.

GST was a new experience of subsuming 17 different types of taxes. Pre – GST, trade, and industry had to undergo compliances under Central Excise, Service Tax and VAT and doing business in multiple states involved adhering to different VAT laws, compliance through different portals and answering to different authorities.