Goods and Service Tax was passed in parliament

The Goods and Service Tax was passed in parliament on

A.1st July 2017                                 B. 29th March 2017

C.22nd March 2016                          D. 22 மார்ச், 2016

EXPLANATION

  • The Goods and Services Tax (GST) is one of the biggest tax reforms in India.

  • It aims to unify the country’s complex tax system into a single indirect tax for the whole nation.

Important Dates in GST Implementation:

Event Date
GST Bill passed in Lok Sabha 29th March 2017 ✅
GST Bill passed in Rajya Sabha Shortly after
GST officially launched (implementation date) 1st July 2017

What happened on 29th March 2017?

  • On this date, the Parliament of India (Lok Sabha) passed four key GST Bills:

    1. Central GST (CGST) Bill

    2. Integrated GST (IGST) Bill

    3. Union Territory GST (UTGST) Bill

    4. GST (Compensation to States) Bill

These laid the legal foundation for the implementation of GST in India.

Common Confusion:

Option Description
A) 1st July 2017 ❌ Not when it was passed, but when GST was implemented across India
C & D) 22nd March 2016 ❌ Earlier discussions, but not the date of passage in Parliament

✅ Therefore,

Correct Answer: B) 29th March 2017.

Goods and Service Tax was passed in parliament