Ninth Anniversary of Goods and Services Tax (GST) Observed on July 1
The single unified indirect tax structure was introduced on July 1, 2017, replacing multiple federal and state-level levies.
It is structured on the foundational concept of 'One Nation, One Tax' to ease trade compliance and streamline national commerce.
Key Facts / Static GK
Practice Quiz — 2 July 2026
Q1. Who has recently assumed charge as the Chairman and Managing Director (CMD) of Hindustan Copper Limited (HCL)?
Q2. The Appointments Committee of the Cabinet (ACC) has approved a one-year tenure extension for which of the following Foreign Secretaries of India?
Q3. Ravi Shankar has been appointed as the Executive Director (ED) of which organization, where he will oversee the Department of Statistics and Information Management (DSIM)?
Q4. Consider the following statements regarding the newly launched Viksit Bharat-Guarantee for Rozgar and Aajeevika Mission (Gramin) [VB-G RAM G] Act, 2025: (1) It replaces the MGNREGA Act, 2005. (2) It guarantees 125 days of wage employment annually per eligible rural household. (3) The Central Government has set the national floor wage under this scheme at 350 rupees per day. Which of the statements given above are correct?
Q5. What was India's gross Goods and Services Tax (GST) revenue collection for the month of June 2026?
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