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While people demand development, they should also pay for development- Jaitley

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Nimrat Kaur
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While people demand development, they should also pay for development- Jaitley
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The central government could consider reducing slabs under the Goods and Services Tax (GST), said Finance Minister Arun Jaitley on Sunday. "We are in first 2-3 months (of GST implementation). We have space for improvement and need for improvement to reduce compliance burden as far as small taxpayers are concerned," he said. "We have space for improvement, eventually once we become revenue neutral, to think in terms of bigger reforms such as lesser slabs, but for that we have to become revenue neutral," he said at an event organised here by National Academy of Customs, Indirect Taxes and Narcotics (NACIN). At present the GST regime slots items under rates of 5, 12, 18 and 28 per cent. While people demand development, they should also pay for development- Jaitley "Direct tax is paid by the more affluent, somewhat by the others and certainly not by the weaker section but the impact of indirect tax places burden on all. Therefore, an effort is always as part of the fiscal policy... to ensure that the commodities which are consumed more by the common people are least taxed compared to others," he said. While people can go all out to demand development, they should also have a sense of responsibility to pay what is required for the development. Addressing the 67th batch of Indian Revenue Service (IRS) officers, the finance minister said revenue is the lifeline of governance and all the developmental activities. "You don't have to extort taxes from those who are not liable to pay...as tax people, you are not entitled to invite fear, you have to invite a respect that you are somebody who (wants) people to comply with national duty," he said. He also said there are never grey areas in taxation law and it is duty of tax officer to be firm and fair. -PTC News-
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