Goods and Services Tax (GST) — 101st Constitutional Amendment and Implementation
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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
TypeAct
SourceHistorical Record (Curated)
PublishedSaturday, 1 July 2017
Affected Population1.4 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 IBJP-led NDA
LeftCentreRight