Goods and Services Tax (GST) — 101st Constitutional Amendment and Implementation
Legislative action — a bill, act, or amendment that creates or modifies the legal framework. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.
Summary
India's most significant indirect tax reform, replacing 17 central and state taxes with a unified GST. Required constitutional amendment. Implemented through Central GST, State GST, and Integrated GST with a GST Council for cooperative federalism.
Key Facts
Type Legislation
Source Historical Record (Curated)
Published Saturday, 1 July 2017
Affected Population 1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Merchandise exports: $437 billion (2024-25)
Key Authorities
Key Stakeholders
Government Context
NDA I BJP-led NDA
Left Centre Right