GST Day - FM stresses on simplified tax administration
By TIOL News Service
NEW DELHI, JULY 02, 2020: GST Day, 2020 or third anniversary of introduction of GST was marked by CBIC and all its field offices across India yesterday. GST has been instrumental in breaking barriers to build an AatmaNirbhar Bharat and taking forward the motto of 'One Nation One Tax One Market'. Considering the COVID pandemic most of the interactions with stakeholders to mark this day were made in virtual mode on digital platforms.
Union Minister for Finance & Corporate Affairs Nirmala Sitharaman in her message on GST Day, 2020 highlighted that GST has come a long way in simplifying the GST Tax Administration based on feedback from stakeholders. However, more efforts are required to ease tax compliances.
Key points of FM's message were:
The Finance Minister congratulated CBIC officers for the commendable job done by them during these testing times of COVID 19 and went beyond call of duty to help and handhold taxpayers. Also, appreciated the record amount of refund disbursed to ease cash flow of taxpayers during this period.
Chairman CBIC M Ajit Kumar emphasised on assisting taxpayers and reaching out to them to resolve their grievances and honor the FM's message of Ease of Doing Business in its true essence.
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