Question
As of July 1, 2025, how many years has the Goods and
Services Tax (GST) been in operation?Solution
The GST completed eight years on 1 July 2025, having been implemented on 1 July 2017. It replaced multiple indirect taxes with a unified system and aimed to simplify tax compliance, reduce cascading effects, and foster a common market across India. Over these eight years, GST has significantly impacted revenue collections, logistics, and MSME support.
The Securities and Exchange Board of India (SEBI) and Association of Portfolio Managers in India (APMI) will jointly set standards for performance audit...
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