Q. Which day is observed as 'Goods and Services Tax (GST) Day' every year?
Answer:
1 July
Notes: Goods and Services Tax (GST) Day, observed annually on July 1, commemorates the implementation of India's transformative tax system. The 2024 celebration marks the seventh anniversary of GST, introduced to simplify the complex tax structure previously managed by central and state governments. GST revolutionized India's fiscal landscape, significantly impacting the economy by streamlining indirect taxes and fostering economic efficiency.