Question
Download Solution PDFWho is known as the father of GST in India?
This question was previously asked in
UP Police Constable Re-Exam 2024 Official Paper (Held On: 30 Aug 2024 Shift 1)
Answer (Detailed Solution Below)
Option 3 : Atal Bihari Vajpayee
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Detailed Solution
Download Solution PDFThe correct answer is Atal Bihari Vajpayee
Key Points
- Atal Bihari Vajpayee is known as the father of GST in India.
- During his tenure as the Prime Minister, the groundwork for GST was laid.
- He set up a committee headed by the then Finance Minister to design the GST model and oversee the implementation process.
- GST (Goods and Services Tax) was eventually implemented on 1st July 2017, during the tenure of Prime Minister Narendra Modi.
Additional Information
- GST is a comprehensive indirect tax levied on the manufacture, sale, and consumption of goods and services across India.
- It replaced a multitude of state and central taxes to create a single, unified market.
- The introduction of GST is considered one of the most significant tax reforms in India.
- The GST Council, chaired by the Union Finance Minister, governs the rules and regulations of GST.
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