The 4th Anniversary of GST - Weekly newsletter from Chairman, CBIC dated 01/07/2021

Last updated: 21 July 2021

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This newsletter marks the 4th anniversary of India's Goods and Services Tax (GST), implemented on 1st July 2017. It highlights how GST has successfully unified a complex tax system into 'One Nation, One Tax, One Market'. Over the past four years, GST has become more taxpayer-friendly with simpler procedures and seamless credit, leading to consistent revenue growth, with collections exceeding Rs. 1 lakh crore for eight consecutive months. The newsletter also acknowledges the resilience of taxpayers, especially during the COVID-19 pandemic, and details initiatives like taxpayer felicitations, officer awards, and a special tribute to CBIC personnel lost to the pandemic.

Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes Customs North Block, New Delhi-110001 Tel. No. +91-11-23092849, Fax : +91-11-23092890 E-mail :ajit.m@gov.in Date: 01st July 2021 D.O.No.76/CH(IC)/2020 Greetings on the occasion of the 4thAnniversary of GST. On 1stJuly, 2017, during the historic midnight session of Parliament, our country found itself at a decisive turning point in its indirect tax regime. It showed courage to chart an

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FAQ :

GST was implemented in India on 1st July 2017.

The slogan associated with GST is 'One Nation, One Tax, One Market'.

GST collection has consistently crossed more than Rs. 1 lakh crore for the last 8 consecutive months, reaching a peak of Rs. 1.41 lakh crore in April 2021.

CBIC is felicitating over 54,000 taxpayers who have made substantial contributions by paying GST in cash and filing returns on time.

Measures included 'Work From Home' access for GST officers, implementation of e-Office, and Covid-related relief measures, especially for smaller taxpayers and MSMEs.

A booklet titled 'Shraddhanjali' was released, compiling messages honouring the 189 CBIC personnel who lost their lives due to the pandemic.

Notification No : D.O.No.76/CH(IC)/2020
Source : https://www.cbic.gov.in/resources//htdocs-cbec/chairman-newsletters/Newsletter01July2021.pdf

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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