Indore: “Goods and Service Tax (GST) is quite transparent and it is drafted in scientific manner. The new indirect tax regime ensures timely availability of input tax credit to its beneficiaries,” said commissioner of State Goods and Service Tax (SGST), Raghvendra Singh while addressing a GST outreach program organised for petroleum product dealers here at Brilliant Convention Centre on Monday.
The senior IAS officer went on to explain that “GST has replaced 17 different kinds of indirect taxes and cess. Now, traders would need to work with different departments at a time. Following introduction of GST, check posts are being abolished. This will help in improvement of average per day travel time of trucks from 250 to 300 km per day.”
“In advance countries average per day travel of trucks is 750 to 800 km per day. The major reason behind it is no-existence of check posts there. All together 22 states have abolished check posts, which will definitely put a positive impact on the trade circle,” he added.
Deputy commissioner in SGST department and master trainer of GST, Sudip Gupta in his speech informed that “All the procedures in the new indirect tax regime will be conducted online. This will give a great relief to traders from visiting tax offices. The new tax regime would also share absolutely half the amount of tax collection with states, which would naturally improve the resources of states.”
Senior tax consultant, RS Goyal informed that “Under GST, essential regular tax assessment is being abolished. Similarly, practice of filing of revised returns is also abolished. But, in case of any mistake committed in the return, a curative return can be filed next month. If any trader fails to get advantage of input tax credit in a particular month, he would be able to take it the following month.”
A large number of petrol pump and auto lubricant dealers and officials of PSU oil marketing companies were present attended the programme.
Following launch of GST, check posts are being abolished, which will help raise average per day travel time of trucks from 250-300 km per day. In advance countries the figure is 750-800 km per day, the major reason being no-existence of check posts there. All together 22 states have abolished check posts, which will definitely put a positive impact on trade circle
– Raghvendra Singh