56000 new enrolments in GST from West Bengal, the highest among the states, says MoS Finance
He said, so far 13.2 lakh new enrolment has been made in the country for GST within the first 11 days.
Describing 2017 as the ‘Year of Economic Reform’, the Minister said GST stands for ‘Good and Simple Tax’ as well and people are gradually getting to understand the strength and beneficial aspect of it.
The government is keen to utilize technology in tax reforms as this is the order of the day and as a result, a huge sum of Rs.57000 crores have been saved, he added.
In this context, Meghwal referred to a IMF survey to point out that India will become the 3rd largest economy after USA & China by 2030 and thus it will be proved that 21st century will be the most glorious one for Asia.
Mentioning the increase in tax net of Direct Tax, he stated 91 lakh new tax payers have been registered this year and it resulted in a net increase of 20% Direct Tax revenue.
The Minister also replied to a number of queries raised by the members at the end of his address.
Later, Meghwal addressed another interactive session on GST in the city organized by Merchant Chamber of Commerce.
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