"GST May Have Flaws, But It's The Kanoon": Finance Minister Nirmala Sitharaman At Pune Event | Read

PUBLISHED ON: October 12, 2019 | Duration: 0 min, 46 sec

  
loading..
Finance Minister Nirmala Sitharaman on Friday admitted before a group of businessmen and taxation experts that the Goods and Services Tax (GST) framework may still have some flaws two years since its introduction, but sharply advised them against "damning" a law that has been passed by Parliament with widespread approval. Ms Sitharaman's comment came during an interaction with a group of businessmen, entrepreneurs and chartered accountants in Pune, after a cost accountant attending the event offered suggestions to rectify "certain problems" in the GST structure. "If these concerns are addressed, much of the burden can be eased without even changing the structure of the tax regime," the man was heard saying in the video. "Everybody will be happy, and it will turn into a Goods and 'Simple' Tax. As of today, everybody from industry leaders to consultants and auditors are cursing the government..."
ALSO WATCH
In Major Relief For Telecoms, Government Defers Spectrum Payments

................................ Advertisement ................................

................................ Advertisement ................................