Goods and Services Tax – GST Dated:- 2-7-2019 – News – The Minister of State for Finance Corporate Affairs, Shri Anurag Singh Thakur calls upon all the Officers of CBIC to make GST in India the best GST available in the world; GST Day Celebrations organized by the Central Board of Indirect Taxes Customs (CBIC) on the 2nd Anniversary of GST in New Delhi; GST to be a WIN-WIN situation for all the stakeholders associated with the best tax GST The Minister of State for Finance Corporate Affairs, Shri Anurag Singh Thakur said that Goods Services Tax (GST) has been a Game Changer for all the stakeholders in the economy. The Minister of State for Finance, Shri Thakur was speaking at the GST Day Celebrations organized by the Central Board of Indirect Taxes Customs (CBIC) on the 2nd Anniversary of GST in New Delhi. Prior to GST, in the Constitutional Scheme, Shri Thakur said that taxation power with the Central Government on goods was li
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her added that our Prime Mister has rightly called GST as Good and Simple Tax. He said that it is a shining example of GST having made India a true common market is that the transport time and cost of moving goods across the length and breadth of the country have come down significantly. Shri Thakur said that there are so many other positives that do not need reiteration . He has stated that all the decisions taken in GST Council are on consensus basis.He called upon all Officers to make GST in India the best GST available in the world. He stated that the CBIC has done very good job for MSME sector. The NACIN has conducted GST training for all Officers apart from the support given to GST Practitioners.He has cautioned about fake invoices in GST bring bad name and urged the leaders of Industry to take corrective steps. Adding his concern over fake invoice menace, the Minister added that IMANDAR TAXPAYERS SE BAIR NAHIN, FAKE INVOICES WALON KI KHAIR NAHIN . He summed-up GST to be a WI
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e) administration lays the road map to achieve the goal of One Nation, One Market and One Tax for sincerely making Indian economy stronger than before. He further added that CBIC had been releasing SOPs and FAQs about various concerning provisions like TDS, Anti-Profiteering etc. and will continue to take such measures as and when required. Speaking on the occasion, Shri Ajay Bhushan Pandey, Revenue Secretary said that GST is an excellent example of Federal Cooperation. There are 1.2 Crore tax payers who have registered on GSTN. Around 70 lakh tax payers regularly file returns and an amount of ₹ 1 lakh Crore of tax is paid online.He further stated that the return filing process, refund sanction procedure and multiple ledger etc. have been streamlined. The e-invoice is proposed to be released which will streamline Return Filing Process. He called upon the officers that on this Day, we should remember what can be further done for trade facilitation. At the end
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