Enhanced GST revenue collections of recent months should now be 'new normal': FM

On Thursday, Finance Minister Nirmala Sitharaman said taxpayer base has almost doubled to 1.28 crore in four years of rollout of the historic tax reform and the enhanced GST mop up in the recent months should now be the "new normal". In a written message to tax officers on the fourth anniversary of GST rollout, Finance Minister said implementing any reform of this scale in a large and diverse country like India can be highly challenging, but GST has brought about ease in taxpayer compliance and reduced common man's tax burden. FM also said, admirable work has been done in the year gone by both in the area of facilitation and enforcement with numerous cases of fraudulent dealers and ITC being registered. The enhanced revenue collection in recent months should now be the 'new normal. In the last four years, the GST taxpayer base has almost doubled to 1.28 crore from 66.25 lakh.

 

Expressing satisfaction on overcoming most of the GST implementation challenges, including two waves of the COVID-19 pandemic, the minister also thanked taxpayers for their support in making GST a reality.  

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