GST News

GST changes game for tax evaders: Finance Secretary

Financesecretary Hasmukh Adhia said on Tuesday that goods and services tax (GST) will “change the game” for those who avoid to paying taxes. “When GSTwas introduced it was hailed as a gamechanging tax reform. Do you know what is game changing? It is an innovation which can spoil the games people were playing to avoid paying taxes,” Adhia told a gathering of exporters, while delivering his speech in Hindi. The rollout of GST has been seen as a measure to plug loopholes and ensure that businesses across the country start paying taxes. Using high-end return filing and matching system, the new tax regime makes it tough for tax evaders. Introduction of GST is also seen as the government’s overall strategy to nab evaders.

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https://timesofindia.indiatimes.com/business/india-business/gst-changes-game-for-tax-evaders/articleshow/61940217.cms

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