GST Day: Nirmala Sitharaman ensures economic growth on 3 years of GST

GST Day - Nirmala Sitharaman - Taxscan

The Finance Minister, Nirmala Sitharaman in her message on the Goods and Service Tax  (GST) Day ensures all the economic growth to all the countrymen.

While highlighting the History, the Finance Minister quoted, “this government brought in GST as a historic reform of the indirect taxation system in the country effective from 14 July 2017. Since then, we have come a long way in simplifying the GST tax administration based on feedback from taxpayers, experts and other stakeholders. We have strived to make the return filing process easy and simple for small taxpayers by introducing features like SMS based filing for nil return.”

However, more efforts are required to ease tax compliances further for the taxpayers, especially MSMEs. The government is committed to continuing these reforms in the future as well to facilitate taxpayers, the Finance Minister said.

The Finance Minister while congratulating CBIC and its officers for the commendable job done by them during these testing times of COVID-19 pandemic, said they went above and beyond their call of duty to help and handhold taxpayers, small and large, during this crucial time.

While expressing the happiness she said that the officers of CBIC disbursed a record amount of refunds to ease cash flow of taxpayers during the period of COVID-19.

“We must focus on the clarion call by the Hon’ble Prime Minister for an “Atmanirbhar Bharat. For this motto of self-reliance, Tax administration, especially the GST tax administration, will have a large role to play,” she added.

“Must foresee the issues faced by our business community and proactively address the same to enable them to compete on a global scale. Only by this proactivity can we ensure much needed economic growth in near future. We must strive to make the tax administration so simple that the taxpayers find it easy to comply with all their tax obligations. This is the true essence of ease of doing business as far as tax administration is concerned,” Finance Minister said.

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