Goods and Services Tax (GST) Day

• The Goods and Services Tax (GST) Day is observed annually on July 1, in India.

• GST Day is observed to commemorate the implementation of Goods and Services Tax (GST).

• GST Day was first observed on July 1, 2018 marking the one-year anniversary of implementation of the new tax regime.

• GST was launched on intervening night of June 30 and July 1, 2017, in a ceremony held in the central hall of Parliament.

• GST had replaced the old indirect tax regime in India.

• It was introduced with the idea of “One Nation- One Market- One Tax”.

• Year 2022 marks the fifth anniversary of GST.