Indore: Neerav Kumar Mallick, commissioner, Central Goods and Service Tax (CGST), on Monday said new indirect tax regime helped in easing the businesses in the country. It has helped in increasing the revenue and offering seamless transport of goods.
Addressing a function to mark the second annual day of GST at Brilliant Convention Centre on Monday, he highlighted GST features and said GST is a technology-based regime and has brought together CGST and SGST departments. He attributed its success to traders and tax consultants.
Speaking as chief guest, economist Jayantilal Bhandari underlined the benefits of GST through the facts and figures. “As per IMF, business hurdles have reduced after GST was introduced.
17 indirect taxes were merged in GST. It has brought transparency. As a result, exports have gone up, forex reserves are up and internal trade has become easy,” he said. He suggested that GST slab of 12% and 18% should be merged.
NS Maravi, director, SGST department, said 1.5 lakh new registrations have been taken place after GST came into force.
Virendra Kumar Jain, joint commissioner, CGST department, gave a power point presentation on GST. Jain and other officers of CSGT department were felicitated for raising revenue collection.