JO U R N EY TO G S T

Sharada v
Harshitha R
Raghavendra B
G ST

wha
t
G ST

why
G ST

How GST
matter
 G STS FIRST FO O T PRIN T
2004: - Idea of NationalGST was first mooted by Kelkar
Committee.
28.02.2006 - The first announcement for introduction of GST
was made in budget speech on 28/02/2006 by the then
Finance Minister P. Chidambaram.
10.11.2009 - Task of designing the GST was given to
empowered Committee of State Finance Ministers
The first discussion paper was released by Empowered
Commissttee on 10thNovember, 2009.
March, 2011 - 115thConstitutional Amendment Bill was
introduced in March, 2011 in Lok Sabha. The Bill was referred
to Parliamentary Committee which had submitted its report
in August, 2013. The Bill lapsed on dissolution of Lok Sabha.
Cont
In December, 2014, 122ndConstitution Amendment Bill, 2014
was introduced by Shri Arun Jaitley, Finance Minister,
Government of India.
On 07.05.2015, 122ndConstitution Amendment Bill, 2011 was
passed in Lok Sabha.
On 12.05.2015, the Rajya Sabha, referred the Bill to Select
Committee of Rajya Sabha which present its report favoring
GST on 22/07/2015
Due to Dissenting notes given by Rajya Sabha Committee, the
Constitution Amendment Bill could not be passed in Rajya
Sabha till 2016 Budget Session.
Finally, after accepting the some major suggestions by
Congress party, Constiutional Amendment Bill has been
passed by Rajya Sabha on 03/08/2016 and by Lok Sabha on
08/08/2016.
M ILESTO N ES O F G ST
Panels ofG ST

In February, 2013, the following GST panel

were constituted
GST Panel 1 (a) Determination of RNR, and
(b) Place of provision of
services Rules
GST Panel 2 - (a) GST on Inter-state supplies
(b) GST on imports
GST Panel 3 - (a) Dual Administrative Control
(b) Threshold limits and other
exemptions including list of common
exempted items.
TYPES O F G ST

CGST- Central Goods and Service

Tax

SGST- State Goods and Service Tax

IGST- Integrated Goods and Service

Tax
CATEG O RIES U N D ER G ST

Exempted Categories under GST in India

Essential Goods and Services of GST in

India

Standard Goods and Services for GST in

India

Special Goods and Services for GST tax

levy
TH AN K YO U