The Goods and Services Tax (GST) was introduced in India on 1st July, .

Correct option is C

Ans.(C) 2017

Explanation:
The correct answer is 2017. The Goods and Services Tax (GST) was implemented on 1st July 2017, marking a historic reform in India's tax system. GST replaced multiple indirect taxes like VAT, excise duty, and service tax, unifying them under a single tax system. GST operates on the principle of "One Nation, One Tax", simplifying tax compliance for businesses and increasing transparency.

Information Booster:
● GST has three components: CGST (Central), SGST (State), and IGST (Integrated).
● It is a destination-based tax levied on the consumption of goods and services.
● The GST Council governs decisions regarding GST rates and policies.
● GST has reduced cascading effects of taxes and streamlined logistics.
● Key tax slabs under GST are 5%, 12%, 18%, and 28%.
● Digital platforms like GSTN (Goods and Services Tax Network) facilitate compliance.