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Some important Facts About GST :-
Hope it will be Helpfull,
-- 1st in world , 1954 by france
-- 1st conceptualized in 1999 during Atal Bihari Vajpayee regime
-- Head of 1st GST committee...
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- Asim Dasgupta
-- Recommendation of Rolling Out of GST by - Vijay Kelkar
-- Chairman of GST - Arun Jaitely
-- GST bill passed by Loksabha - March 29 2017
-- GST bill passed by Rajyasabha - April 6 2017
-- Authorized Capital for GSTN - ₹10 crore
-- Share of capital of GSTN - 24.5% State Govt. , 24.5% Central Govt , rest by private banking firms
-- CEO GSTN - Prakash Kumar
-- Chairman GSTN - Naveen Kumar
-- 17 Central and State taxes Subsumed
-- 4 slabs of Tax 5% 12% 18% 28%
-- Health And Education have 0% tax
-- 81% items to be taxed below 18%
-- Liquor and Petroleum out of GST
-- Telangana 1st to pass GST bill
(Assam 1st to raified the Constitutional amendment bill but telengana 1st to adopt the GST)