GST regime will increase number of Indians under tax net, says revenue secy

Business Standard By Press Trust of India April 14, 2017. 08:06 IST

Post-GST, indirect tax collection would see a growth of 10% as per govt target, says Hasmukh Adhia

Union Revenue Secretary Hasmukh Adhia on Thursday said that more people and business units would come under the tax net once the goods and services tax (GST) regime was implemented from July 1.

"One of the objective (of GST) is to widen the tax net and it will happen once GST comes into force from July," Adhia told reporters here.

Post-GST, indirect tax collection would see a growth of 10 per cent as per government target, he said.

Taking part in a discussion with the business community of Assam, Adhia urged traders of to adopt the new system as not many of them migrated to GST mode.

On the occasion, Assam Finance Minister Himanta Biswa Sarma said that Assam witnessed a 20.57 per cent growth in tax revenue - from Rs 16,000 crore from Rs 12,000 crore - during 2016-17.

"The non-tax revenue also grew by 23 per cent in this time," he added.

Talking about GST, the minister said, "I don't consider this as a taxation law, but it is a unifying factor for India. Assam will be hugely benefited from this."

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