Business

GST Most Pivotal Tax Reform Introduced Ever, Will End Tax Terror: Chhina

July 03, 2017 11:04 AM

Punjab News Express
AMRITSAR: Terming the introduction of Goods and Services Tax (GST) as most pivotal tax reform ever initiated in the country, Punjab Bhartiya Janata Party’s state executive member Rajinder Mohan Singh Chhina today hailed new tax regime which he said will end `tax terror’ by ending the prevailing `Inspector Raj’. He said the new taxation will usher a new era of development, growth and progress as he praised Prime Minister Narender Modi and Union Finance Minister Arun Jaitley for `bold decision’.

He said with one stroke, the Centre government is all set to revolutionise the doing of business in the country and GST is first such fiscal taxation that would help the country to emerge as one unified market for trade and commerce. He said the benefits of the GST would start pouring shortly and ever section of the society will be gainer. ``Every section from poor to the rich will be benefited as the terror of tax would end’’, said he.

Chhina said that the GST would bring down the tax evasion which has become a way of life in the country. ``Unfortunately, the tax evasion has become a culture which is difficult to be wiped out. But with the bold decision of GST, the tax evaders would become a history and all would start paying the required taxes which is required for the country’s development and progress’, said he adding that with this the country has joined the group of developed countries where there are simple and unified taxation.

He said that it was the acumenship of Jaitley that a consensus was built on such an important matter and the GST was finalized. He termed the protests against the GST as uncalled for and said that the new tax should not be misunderstood and the businessmen and traders must adopt new ways of doing the business where the tax payment is central to the commercial transactions.

Have something to say? Post your comment