On GST Day 2020, Finance Minister Nirmala Sitharaman acknowledged the significant progress made in simplifying India's indirect taxation system since its introduction in 2017. She recognised the challenges posed by the COVID-19 pandemic and praised the CBIC and its officers for their exceptional support to taxpayers, including the record disbursement of refunds. Looking ahead, the FM emphasised the crucial role of GST administration in achieving the Prime Minister's vision of 'Atmanirbhar Bharat' through proactive issue resolution and fostering ease of doing business.
This government brought in GST as a historic reform of the indirect taxation system in the country effective from 1.1 July 2017. Since then, we have come a long w, in simplifying the GST tax administration based on feedback frorn taxpayers, experts and other stakeholders. We have strived to make ret
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FAQ :
GST was introduced in India effective from 1st July 2017.
Efforts have included simplifying the return filing process, especially for small taxpayers, with features like SMS-based filing for nil returns.
The CBIC and its officers have disbursed a record amount of refunds to ease cash flow for taxpayers during the pandemic.
The GST tax administration has a large role to play in achieving self-reliance ('Atmanirbhar Bharat') by proactively addressing business community issues to enable global competitiveness.
The goal is to make tax administration so simple that taxpayers find it easy to comply with all their tax obligations, embodying the 'ease of doing business'.