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Register with GST system even turnover below Rs 20 lakh, PM tells MSEs
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SME Times News Bureau | 02 Sep, 2017
Prime Minister Narendra Modi on Friday asked taxmen, who even don't have turnover of Rs. 20 Lakh that are mainly micro and small enterprises (MSEs), to work towards
registering under the Goods and Service Tax (GST) system.
He also
said that the government was working towards creation of an environment
which shatters the confidence of the corrupt and instills confidence
and trust among the honest taxpayer.
"In order to enable all
traders to take maximum benefit of GST, we should work towards ensuring
that all traders, including even those with a turnover below Rs 20 lakh,
should register with the GST system," he said while addressing the tax
administrators of the Centre and states at a two-day 'Rajasva Gyan
Sangam' organised in New Delhi.
He asked the officers to make efforts in this regard by designing a system for this category.
Currently,
traders with annual turnover of below Rs 20 lakh turnover need not
register under GST as they are exempt from paying any indirect taxes.
More
than 17 lakh new traders have been brought into the indirect tax system
within two months, Modi said adding that GST besides economic
integration helps in bringing transparency in the system.
The
Prime Minister also asked officers to use data analytical tools to
proactively track and determine undeclared income and wealth.
In
this regard, he also suggested complete reworking of human resource
management in the tax departments to strengthen the data analytics and
investigation wing.
"Human interface must be kept to a minimum in
the tax administration's dealings. A push is to be given to
'e-assessment' and anonymity of proceedings using technology, so that
vested interests do not impede the due course of law," Modi said.
He further asserted that the honest cannot continue to pay the price for the misdeeds of the dishonest.
In
this regard, he mentioned steps taken by the government, such as
demonetisation and implementation of stringent laws against black money
and benami property.
He said that though efforts to increase tax
revenue are made by officers each year, the estimated amounts of tax
that should accrue to the system, are often not realised.
"The
Prime Minister asked officers to come up with a time-bound solution to
'tax raised and not realised'," a statement cited Modi as having said.
Modi also expressed his dismay at the huge pendency of tax-related cases in adjudication and appeal.
He
said big sums of money locked up in these cases could have been used
for the welfare of the poor and asked officers to come up with an action
plan during the two-day 'Rajasva Gyan Sangam' to eliminate pendency.
Exhorting
the officers to improve their work-culture, to incorporate both a
"sense of urgency" and "measurability" in their performance, he asked
them to fix clear targets to improve the country's tax administration by
2022, the 75th anniversary of independence.
The two-day 'Rajasva Gyan Sangam' would come up with concrete ideas to improve the tax administration, he hoped.
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black money
R Boopathi | Wed Sep 6 11:42:32 2017
It is great time that the top brass talks of black money. Has any one accounted black money handled by politicians at power, the government servant who dance at per their political bosses. Has any one questioned the person while on power. Go to any government office and name which govt office function without brief and for all the brief amount has any one given account and paid tax. pl name a politician at power or the government servant at authority, I will prove that he has black money. why politician want position , only to make more black money. more rules, more black money. only common man is attacked and tortured. our politicians shall create image of good values like MK Gandhi. Is there any leader to name in today's scenario. He preached simplicity in living. present man emphasize on Royal living which makes the man more corrupt and run behind money. May GOD send Gandhi one more time to get independence once again from our own people.
NATWARLAL BAHETI | Wed Sep 6 02:21:16 2017
But why honest be punished for the misdeeds of unhonest. GST punishes mostly to the honest. Unhonest still have their way .
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