Vajpayee Government started discussion on GST by setting up an empowered committee. The committee was headed by Mr. Asim Dasgupta, (Finance Minister, Government of West Bengal). It was given the task of designing the GOODS and SERVICES TAX (GST) model and overseeing the IT back-end preparedness for its rollout.
An announcement was made by Mr. P. Chidambaram, the Union Finance Minister, during the central budget of 2007–2008 that it would be introduced from April 1, 2010 and that the Empowered Committee of State Finance Ministers, on his request, would work with the Central Government to prepare a road map for introduction of GST in India. ·
The Empowered Committee of State Finance Ministers decided to set up a Joint Working Group on May 10, 2007 ·
The Joint Working Group, after intensive internal discussions as well as interaction with experts and representatives of Chambers of Commerce and Industry, submitted its report to the Empowered Committee on November 19, 2007
On the basis of this discussion and the written observations of the states, certain modifications were made, and a final version of the views of Empowered Committee at that stage was prepared and was sent to the Government of India (April 30, 2008). ·
The comments of the Government of India were received on December 12, 2008 and were duly considered by the Empowered Committee (December 16, 2008).
It was decided that a committee of Principal Secretaries of the states would be set up to consider these comments and submit their views. These views were submitted and were accepted in principle by the Empowered Committee on January 21, 2009. ·
An important interaction took place between Mr. Pranab Mukherjee, the then Union Finance Minister, and the Empowered Committee (October 19, 2009) on the related issue of compensation for loss of the states. ·
Even after assurance by the then Finance Minister Mr. Pranab mukherjee, GST has not been implemented because the UPA government failed to take into consideration the grievances of the Chief Minister of Gujarat Mr. Modi was opposed to it for reasons he clearly recorded.
The Constitutional Amendment Bill introduced in the Lok Sabha on March 22, 2011.
The Bill proposes to amend the Constitution to empower the Union and States to frame laws for levying GST on transactions involving supply of goods and services ·
The Empowered Committee of State Finance Ministers today gave its in-principle approval for creation of a portal, ‘Goods and Service Tax Network’ (GSTN), which is expected to provide an interface to all stakeholders, and avoid evasion in indirect taxation systems (August 19, 2011) ·
The SPV called GSTN (Network) will be owned by the three stakeholders; the Centre, states and technology partner NSDL.
The Cabinet, chaired by then Prime Minister Mr. Manmohan Singh, approved the proposal to set up Goods and Services Tax Network SPV (GSTN SPV) (April 12, 2012)
After opposing GST during his 12 years running Gujarat, Mr. Modi now plans to enact the idea within eight months (August 06, 2014) ·
The Cabinet cleared the Constitutional Amendment Bill on GST (December 17, 2014) The GST Bill introduced in the LOK Sabha (December 19, 2014)