Goods
and Services Tax (GST) as and when is implemented will attract litigation as it
is going to be an evolving tax regime which could take some time to be perfect
and the ceiling of perfection be rising with advancing times, according to the
National Spokesperson of BJP, Mr. Nalin Kohli.
Addressing
the members of the Managing Committee of PHD Chamber of Commerce and Industry
here today, Mr. Kohli said that the GST ceiling and its bottom line would be
consumer friendly as those that will decide the tax rates are going to be
public representatives and they would take public view while deliberating upon
the taxation limits both at upper hand as well as bottom line in public
interests.
“Since
the GST would be an evolving tax regime, it is bound to attract litigations as
and when its implementation begins but at the end of the day, the taxation
system would gradually end the multiplicities of existing indirect tax
system. Not only, the collections would rise but the tax distribution
will become more friendly”, Mr. Kohli concluded his remarks on GST.
He
called upon industry to be more compliant and keep their books neat and tidy as
gradually, Indian systems are transforming for much better days which would
make compliance as one of the important perquisites to follow a disciplined
routine not only in business practices but otherwise too.
The
managing committee meeting was presided over by the President of the Chamber
Dr. Mahesh Gupta in which moderation was partly done by its Senior Vice
President, Mr. Gopal Jiwarajka with Secretary General of the PHD Chamber, Mr.
Saurabh Sanyal proposing a vote.
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