GST is a simple tax system, says Goa CM

Image
Press Trust of India Panaji
Last Updated : Jun 26 2017 | 5:07 PM IST
Goa Chief Minister Manohar Parrikar today said GST is a simple tax system and the prevailing confusion around it is because for the first time such a sweeping reform is being carried out in the country.
He said confusion around GST would continue for 2-3 months but the Goa government has put in place robust mechanisms to ensure smooth migration to the new indirect tax regime which will come into force from July 1.
"When any new thing is introduced, there is bound to have confusion for a few days. There is no need to get confused. GST is very simple.
"Today we have multiple taxes. GST will get all these taxes converted into one and there will be no room for confusion," Parrikar told reporters here.
The chief minister said there is a lack of adequate information about the new tax regime, but all details will be soon be available in public domain.
"It may take 2-3 months for people to understand (GST). But the Goa government is ready to implement GST," he added.
Parrikar said "no one needs to be worried as the government will ensure no one is treated harshly."
"We are creating support systems (for smooth transition to GST)," he stated.
The chief minister said the general consumer would benefit from GST as it will bring down prices of a slew of commodities.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 26 2017 | 5:07 PM IST

Next Story