The Goods and Services Tax (GST) would achieve economic integration of India. The GST system seeks to put in place a simper, technology-driven tax regime which facilitates ease of compliance for the trade and industry and at the same time help augment Government revenues, said Finance Minister Shashi Bhusan Behera, inaugurating an outreach programme on the GST here on Friday.
Behera said rules and procedure for the GST regime has been formulated through a consultative mechanism in the GST Council and are being made available in the public domain which is accessible by the stake holders. Union Finance Ministry Revenue Secretary Hasmukh Adhia urged upon the stakeholders to cooperate for the success of the regime, clarifying various doubts and questions raised by representatives in his address.
Finance Secretary Tuhin Kant Pandey assured constructive support of the State for roll out of GST in the country and at the same time hoped that it will contribute to the growth of the State and national economy.
Chief Commissioner Rakesh Sharma informed that there has been 105 per cent increase in tax collection in Bhubaneswar Zone during 2016-17. Commercial Tax Commissioner Saswat Mishra Tax offered a vote of thanks.