GST : A STUDY AND ANALYSIS
GOODS AND SERVICE TAX The full form of GST is Goods and Services Tax . The GST was launched at midnight on 1 July 2017 by the President of India , and the Government of India . The launch was marked by a historic midnight (30 June – 1 July) session of both the houses of parliament convened at the Central Hall of the Parliament. Though the session was attended by high-profile guests from the business and the entertainment industry including Ratan Tata , it was boycotted by the opposition due to the predicted problems that it was bound to lead for the middle and lower class Indians. The tax was strongly opposed by the opposing Indian National Congress . [16] [17] It is one of the few midnight sessions that have been held by the parliament - the others being the declaration of India's independence on 15 August 1947, and the silver and golden jubilees of that occasion. [17] After its...