Tuesday, Apr 16, 2024 | Last Update : 08:33 PM IST
GST to bring more people, business units under tax net: Adhia
Post-GST, indirect tax collection would see a growth of 10 per cent as per government target.
Guwahati: Union Revenue Secretary Hasmukh Adhia today said that more people and business units would come under tax net once GST 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 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."
