Next generation revenue infra needed to work in tune with next generation taxation: FM
Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, has stressed upon the need for the next generation revenue infrastructure to work in tune with the next generation taxation, and called for greater empathy, greater courtesy, and greater integrity on part of all tax officers. Besides, Sitharaman said that the ultimate goal of reforms is to make life easier for honest taxpayers, and make them feel comfortable about every change being made in the existing statutory framework.
Elaborating on the recently launched GST 2.0, Union Finance Minister noted that it has created a remarkable global buzz and stands as a symbol of India’s progressive economic vision. She highlighted that the reform has generated significant employment opportunities during the festive season of Navratri and Diwali and has made life easier for the common man - a fact reflected in the surge of purchases, production, and online transactions following its implementation.
Sitharaman commended the Central Board of Indirect Taxes and Customs (CBIC) for its efficiency and appreciated the successful rollout of GST 2.0 ahead of the Diwali deadline set by the Prime Minister. Minister also lauded the efforts of CBIC and its field formations in strengthening India’s tax administration and advancing a transparent, citizen-centric governance framework. Sitharaman further emphasised on technology-driven compliance with simplified procedures, enhanced transparency, and voluntary participation among taxpayers.
