Insta
GST To Help In Achieving Vision Of Five Trillion Dollar Indian Economy By 2025: Nitin Gadkari
Union Minister Nitin Gadkari (Pic Via PIB Website)
Union Minister for Road Transport and Highways and MSME Nitin Gadkari has said that GST will help achieve the vision of five trillion dollar Indian economy by 2025.
Addressing a webinar on the “GST Day” on the theme 'THE JOURNEY OF GST AND WAY FORWARD - AATMANIRBHAR BHARAT' organised by the Institute of Cost Accountants of India (ICAI), Gadkari said GST is founded on the notion of “One Nation, One Market, One Tax” which has helped and will be helping the trade and industry a lot despite the prevailing pandemic situation, a Ministry of Road Transport and Highways statement said on Thursday (1 July).
Gadkari said GST was implemented from 1 July 2017 and now it has completed four years of its implementation, during these four years a remarkable change is seen in the way the business is being carried out.
The minister said that digitalisation and information technology have an important role to play. He said that for transparent and time bound decision making process performance audit along with financial audit is very important.
Talking about the problems faced by MSMEs, he said that delayed payments are the main cause of concern which has to be resolved.
The minister said that though GST has completed four years there is still room for improvement and added that cooperation, coordination, communication and rectification is needed from all stakeholders.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
