Goods and Services Tax Day 2025:
Every year on July 1st, India celebrates Goods and Services Tax (GST) Day to commemorate the implementation of one of the country’s most transformative economic reforms. Introduced on July 1, 2017, the Goods and Services Tax subsumed multiple indirect taxes and unified the Indian market under a single taxation system. The observance began in 2018, marking the first anniversary of GST’s rollout.The Goods and Services Tax (GST) is a comprehensive, destination-based indirect tax levied on the supply of goods and services. It is designed to be a single tax that flows through the entire supply chain from the manufacturer to the end consumer with provisions for input tax credit at each stage.
