5 years of GST: How far has it lived up to promise of simple tax regime

Goods and Services Tax: Here's a look at the journey so far

Well begun, not quite done: Five years to the day since the Goods and Services Tax (GST) was launched, how far has it lived up to its promise of ushering in a good and simple indirect tax regime?

Here’s a look at the journey so far:

2006

FEBRUARY: Then Finance Minister P Chidambaram proposes April 2010 as the target date for GST rollout.

2014

DECEMBER: After years of delays and extensive discussions, the then FM Arun Jaitley tables Constitutional Amendment to GST Bill in Lok Sabha.

2017

JULY: GST rolled out.

NOVEMBER: 23rd GST Council meeting. Relief for MSMEs provided, tax