Goods and Services Tax (GST) is implemented from which date?

July 1, 2017

The correct answer is option 1- July 1, 2017.

The Government of India, following the credo of ‘One Nation and One Tax’, and wanting a unified market in order to ensure the smooth flow of goods across the country implemented the Goods and Services Tax (GST) from July 1, 2017. The move also aims to make life easier for manufacturers, producers, investors and consumers. This system is regard as the most revolutionising tax reform in the Indian taxation history. Tax apart from being a source of revenue for growth also plays a key role in making the State accountable to its taxpayers. Effective taxation ensures that public funds are effectively employed in fulfilling social objectives for sustainable development.