GST taxation regime, a win-win for all States

 Chennai: Tamil Nadu Governor R.N. Ravi today said the integrated GST taxation system in the country was a win-win for all states.
Inaugurating the fifth GST day celebrations here, he applauded the contributions of the officials of the tax-administrations in meeting
the daunting challenges of streamline the tax regime. “This integrated GST taxation system is a win-win for all states, tax
payers, entrepreneurs and the Union Government resulted in enhanced tax collection as well as improving ease of doing business – thereby contribute for the development of Nation”, he said.
“It has broadened the tax-base and resulted in enhanced tax compliance”, he added.
Giving example of Tamil Nadu, he said due to GST, tax revenue of the State has gone up significantly, he said.
Stating that the people of the country are basically law abiding, Ravi said it was only when the tax eco-system is vicious that some people are encouraged to evade it.
With GST, more and more tax-payers are coming forward for the good of the country, the Governor said.
Noting that India is moving ahead with new confidence and commitments to achieve the goals determined, he said the tax payers play a vital role in this
crucial period of Amrit Kaal of the next 25 years to take the Nation forward in all fields.
It will help India to reach her destiny of becoming the world leader in all aspects by the year 2047 when the country will be celebrating 100th independence. The Governor also urged the GST professionals, officials’ administrators and the
industry people to collectively work towards continually improving the eco-system.
In the function, the Governor presented awards and appreciation to achievers and
best performers including tax payers from industries. (UNI)