GST launch (July 2017)
India replaced a patchwork of central and state indirect taxes with a single goods and services tax on July 1, 2017. The reform unified a market of 1.3 billion people under one tax system, ending decades of cascading taxes.
Businesses faced a steep learning curve with new compliance requirements and frequent rate changes.
GST became the backbone of India's indirect tax system, with the Council meeting regularly to refine rates and rules.
The 2026 reforms are the latest chapter in GST's evolution, shifting from enforcement-heavy compliance to a trust-based model.
