India celebrates July 1, 2021 because the GST Day to mark the fourth anniversary of the roll-out of the historic oblique tax regime within the nation. The fourth yr of GST is a bit particular. Over 54,000 GST payers will obtain certificates of appreciation from the Union Ministry of Finance for well timed submitting of returns and a money fee of the tax. Moreover, the Central Board of Oblique Tax and Customs (CBIC) will award a Commendation Certificates to its officers.
Historical past & Significance
The Items and Providers Tax (GST) journey started in 2000 when a committee was set as much as draft a legislation to interchange all of the a number of flowing taxes in India. It took 17 years for the GST legislation to get handed by means of each Homes of the Parliament.
GST was launched on the intervening evening of June 30 and July 1, 2017 in an impressive ceremony held within the Central Corridor of Parliament.
GST is a multi-stage, oblique, consumption-based tax system in India, which is imposed on numerous items and companies. It was launched to subsume a bunch of home oblique taxes similar to worth added tax, service tax, buy tax, excise responsibility, and so forth., underneath one head. Petroleum, liquor, and stamp responsibility have been exempted from GST.
Because the Items and Providers Tax regime completes 4 years, over 66 crore GST returns have been filed up to now and decrease tax charges have elevated compliance, as per the Finance Ministry. Regardless of the coronavirus-induced lockdown throughout the nation, GST income assortment in India has crossed the Rs. 1 lakh crore mark for the eighth moth in a row with as a lot as Rs. 102, 702 collected throughout the month of Could alone, the ministry stated.
Step By Step Information to log in to GST Portal
The GST login portal could be accessed by visiting the official web site https://www.gst.gov.in . As a way to log in to the GST portal, it’s important to register as soon as on this portal as you’ll require your registration particulars to signal into the web site.
Step1: Kind https://www.gst.gov.in/ in your Chrome or IE browser’s URL bar and click on or press enter to navigate to the official GST portal. The browser will robotically redirect you to the login web page.
Step 2: Click on on the login button on the house web page.
Step 3: Subsequent, the web page will ask you to enter your username, password and Captcha code. To proceed, click on on the Login button.
Step 4: After you’ve gotten logged in efficiently, you may be redirected to the Dashboard web page.
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