gst came into force in india on 18 january 2018.
when did gst came into force in india?
18 january 2018
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in the month following the election, the government moved to implement its tax changes, and sought the support of tasmanian independent senator, brian harradine. the senator, however, announced on 14 may 1999, that he objected in principle to the gst and would not support the bill. the sole remaining opportunity for the government to pass the legislation through the senate was to obtain the support of the australian democrats through their leader meg lees. following intense and controversial negotiations, a deal was reached on 28 may whereby the concessions given to the democrats included an exemption on basic food, more generous compensation to pensioners, and a reduction in tax cuts to higher income earners. the gst came into effect on 1 july 2000, the lead-up to which was marked by public concerns and confusion, interest group lobbying for exemptions, and the opposition campaigning against it. the gst led to a single quarter of negative economic growth and a spike in the consumer price index, effects which proved to be transient. the implementation of the new tax system was not without problems and voter dissatisfaction with the gst increased; labor stepped up a campaign against it, promising a partial rollback should it win office. dissatisfaction of a majority of the democrats membership led to a leadership contest in which meg lees was deposed by natasha stott despoja.
howard government