The Rajya Sabha finally gave its nod to the constitution amendment bill for the Goods and Services Tax (GST) on 3rd August, 2016. It has been one year since the Lok Sabha passed the GST bill and a good decade since it was first proposed by the UPA-led government. It will possibly take another year for GST to roll out. But we have enough reasons to be optimistic. It's time we look up to the good times, as GST is supposed to affect the lives of every citizen and usher in some major economic reforms. So, it's important that we understand all the knowhows and whatabouts related to GST. This infographic will hopefully help you with the same.
With inputs from Ashish Jain.