{"id":58360,"date":"2025-01-20T15:23:08","date_gmt":"2025-01-20T09:53:08","guid":{"rendered":"https:\/\/piceapp.com\/blogs\/?p=58360"},"modified":"2025-01-20T15:23:12","modified_gmt":"2025-01-20T09:53:12","slug":"father-of-gst-in-india","status":"publish","type":"post","link":"https:\/\/piceapp.com\/blogs\/father-of-gst-in-india\/","title":{"rendered":"Father of GST in India: An Overview"},"content":{"rendered":"\n
GST, or the Goods and Services Tax, is essentially an indirect tax levied on the supply of goods and services. This tax introduced to boost the economic growth of India involves multiple stages and is destination-oriented. <\/p>\n\n\n\n
It is imposed upon any sort of value addition and conveniently replaces various local-level indirect taxes, including VAT, service tax, excise duty, Sales Tax,<\/a> cess and surcharge, additional duties of customs, additional excise duties, etc.<\/p>\n\n\n\n It is interesting to note that only upon GST implementation in India has there been a record growth of 11% in the tax revenues of the country. This came to be, thanks to the identification of loopholes and their subsequent rectification in the GST system. Punitive action was taken by the government on tax evaders. <\/p>\n\n\n\n Thus, it is safe to say that the GST system has been one of the country\u2019s greatest financial wins, in turn turning the system into a unified framework of tax collection. It has been a boon to the Indian economy.<\/a><\/p>\n\n\n\n Implemented on 1st<\/sup> July 2017, the GST system in India is associated with a fascinating history of its own, the tale beginning with the father of GST in India <\/strong>at the top. In this blog, you\u2019re going to read about his role in prompting the efficient GST regime we know of, today.<\/p>\n\n\n\n Atal Bihari Vajpayee, the former Prime Minister of India, was the one who originally presented the idea of implementing an elaborate yet far more comprehendible tax system within the country in the year 2000. Thus, he is bestowed with the title of ‘Father of GST in India’. However, the same title has also often been associated with Dr. Vijay Kelkar, who primarily laid the framework and foundation for GST in our country.<\/p>\n\n\n\n While the implementation of the GST system was made possible with the support of various policymakers, Prime Minister Vajpayee is mainly credited with initiating the revolutionary era defined by financial clarity. In 2000, Atal Bihari Vajpayee responsibly set up a committee, led by former West Bengal’s Finance Minister, Asim Dasgupta, to come up with a plausible framework for the Goods and Services Tax (GST) system in India.<\/p>\n\n\n\n In 2004, the Kelkar Task Force recommended a comprehensive GST tool, and the idea was delivered by P. Chidambaram, the ex-Finance Minister, in various budget speeches later. The Empowered Committee of State Finance Ministers released the first dialogue paper on GST in the year 2009, and a Constitution Amendment Bill<\/a> was introduced in the Lok Sabha (2011) to make the GST concept easier to grasp.<\/p>\n\n\n\n The Constitution Bill, 2014, 122nd Amendment, was delivered in Parliament again, and the bill was passed by both Houses of Parliament in 2016. Upon receiving the assent of the President, the bill was enacted. Finally, the GST regime was implemented on 1st<\/sup> July 2017. After years of deliberation and discussion, the ideas came to fruition on the implementation of GST.<\/p>\n\n\n\n Over the past decade or so, post-implementation of the GST, under the GST Council established by Pranab Mukherjee, the system has not stayed stagnant but evolved thoroughly. The GST Council wields the power to make alterations to the GST law. It has undergone a number of necessary amendments that address concerns or issues as and when raised by respective stakeholders. Note that the GST Council is headed by the Finance Minister.<\/p>\n\n\n\nWho is known as the Father of GST in India?<\/strong><\/h2>\n\n\n\n

A Recap on the History of GST in India<\/strong><\/h2>\n\n\n\n
Presenting the Architects of India\u2019s GST System<\/strong><\/h2>\n\n\n\n