The 6th Goods and Services Tax (GST) Day was celebrated on July 1st 2023 with the vision GST@6 with Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman presided over as the Chief Guest and Union Minister of State for Finance Shri Pankaj Chaudhary as the Guest of Honour. Senior officials from the Ministry of Finance, Central Board of Indirect Taxes and Customs (CBIC) and Central Board of Direct Taxes (CBDT) and other government departments were present.
The Chairman of CBIC Shri Vivek Johri in his welcome address highlighted the benefits of GST at the level of macro and micro economy. At the macro level he highlighted gains like better compliance, more market integration through enhanced internal trade flows.
At micro level he highlighted the benefits to the taxpayers like easier processes, smooth flow of Input Tax Credit and fast refund. He strongly urged that given the benefits of GST, those businesses who were outside the GST should become part of it.
The chairman also indicated that CBIC will also launch an outreach programme to inform regarding benefits of GST to trade at large. The occasion saw presentations by four officers from different CGST zones across the country who presented their experiences about working in GST.
The Union Finance Minister Smt. Nirmala Sitharaman, while addressing at GST Day 2023, said, “GST is the embroidery that stitches the diversity of Indian markets into the fabric of economic progress. The GST Council meetings have become the shining examples of cooperative federalism, where the Centre and States have deliberated, discussed, and decided on various complex issues to make GST more responsive and nuanced. Even today, and certainly in the future, the success of GST is predicated on the feedback loop between the taxpayer and the department.”
On the occasion of the 6th GST Day, CBIC, also recognised the contribution of all the compliant taxpayers to nation building. 50,000 (Fifty Thousand) compliant taxpayers have been identified representing all Industry sectors of the economy for awarding commendation certificates.
The Finance Minister felicitated 24 officers for their continued devotion and commitment to duty on GST Day 2023.
Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates
