Jammu, Jul 15
GST marks the dawn of emerging new India with a genuine federal economy, said Union Minister of State in PMO, Jitendra Singh in an interactive session. According to the Minister, GST has far reaching significance than merely the positive reformation of a taxation system.
The minister said, “’GST shall result in uniform tax on every taxed commodity and doing away with the different tax rates in different parts of the country’’ while talking in an interactive session of Chartered Accounts and civil society members.
Earlier, BJP State President Sat Sharma had expressed the objective of the party to hold educational and interactive sessions with various stakeholders of the Indian economy. According to him, such conversations would help clear the air in regards to GST.
According to the minister, the introduction of GST would simply simplify tax codes, collection procedures and reduce the hassle of unnecessary paper work for traders.