The Government will organise an event on July 1, to celebrate the second anniversary of GST roll out, which will be addressed by Finance Minister Nirmala Sitharaman and her deputy Anurag Thakur.
The event will be held in Ambedkar Bhawan and will be attended by senior officers of the central and state tax authorities. According to an official notification, there will be a presentation on the two years of GST and the road ahead for the indirect tax regime. The pilot of new return filing, which will replace the current system of GSTR-3B (summary returns) and GSTR-1 (supplies return), would also be launched on July 1, 2019.
GST has helped curbing evasion, including by way of mandatory generation of e-way bill for transporting goods over Rs 50,000 ,transformed India into ‘One Nation, One Tax’ and binds the country into an economic union. Over the last two years, GST has been simplified with tax rates being lowered for nearly 500 products and return filing system streamlined.
