Racing against time to meet GST deadline, the Centre on Saturday held a sensitisation workshop for over 400 officials on the new indirect tax regime which Cabinet Secretary PK Sinha described as moving away from tax exemptions to seamless flow of credit and tax payments. The workshop, held a day before an informal meeting of State Finance Ministers to discuss administrative control issues, was organised to sensitise these officers about the key features of the Goods and Services Tax (GST).
Speaking at the workshop, Sinha said GST is an important milestone in the concept of cooperative federalism where the Centre and States have come together to address an important national issue of present complex indirect tax regime in the country.
The successful implementation of GST can lead to this model of cooperative federalism being replicated in other spheres, he said, highlighting “GST reform process would lead to a move from the regime of tax exemptions in various sectors of economy to a regime of seamless flow of credit and payment of tax.”