Sitharaman said, “GST collection is increasing continuously. GST has reduced the tax rate on many items as compared to earlier. Traders know that they will not be double taxed under GST, as was the case earlier. Due to which GST collection is increasing.
He said that many organizations still prefer to remain outside the ambit of GST and are not part of the organized economy.
The minister said, “Why should they come under the ambit of tax? Not because they will tax me, but for the real strength of the economy… we are only getting some people, not all… and the economy can only be fully organized when everyone is involved.
He said that staying away from the organized economy is neither good for the country nor for the individuals.
The finance minister said that if business establishments are not covered by GST, it means you are losing potential buyers.
Sitharaman continued, “Now I want to focus on tax collection, the figures of which are increasing every year and every month… but at the same time we should also focus on getting more and more organizations and businesses involved. The country needs a transparent tax. A system should benefit everyone.
In this function, five people who uploaded the GST bill on the government portal were given a prize of Rs 10 lakh each on the basis of a draw.
Sitharaman congratulated these winners and said that every customer should get their bill.
“I appreciate those who uploaded their bills but didn’t win the lottery,” she said.
The program was attended by Gujarat Finance Minister Kanu Desai and officials of the state’s GST department.
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(This news is not edited by the NDTV team. It is published directly from the syndicate feed.)