| Event | Goods and Services Tax (GST) Day |
| Date | July 1 |
| 2024 Significance | Seventh anniversary of GST implementation in India |
| Background | Introduced to simplify complex indirect taxes levied by central and state governments |
| Historical Context | Proposed by the Kelkar Task Force in the early 2000s |
| Legislation | Constitution (101st Amendment) Act passed in August 2016 |
| Implementation | GST launched on July 1, 2017, in Parliament's central hall at midnight |
| GST Council | Comprises finance ministers from central and state governments |
| Tax Slabs | 0%, 5%, 12%, 18%, and 28% |
| Exemptions | Fresh fruits, vegetables, and unbranded flour exempt from GST |
| Revenue Sharing | GST revenue split between central and state governments |
| Brand Ambassador | Bollywood actor Amitabh Bachchan |
| Global Inspiration | Modeled after the Canadian GST system |
| Impact on Economy | Streamlined taxation, unified market, transparency, and economic growth |
| Business Operations | Simplified tax structure, elimination of cascading taxes, reduced compliance burden |
| Consumer Benefits | Potential price reduction, unified tax rates across the country |
| Government Revenue | Improved tax collection efficiency, better monitoring of tax evasion |
| Celebrations in 2024 | Seminars, workshops, public awareness campaigns, and discussions on improvements |
