Faridabad: Speaking at the inauguration of Professional Training of 68th Batch of Indian Revenue Service (IRS) officers, Finance Minister Arun Jaitley on Monday emphasised that India now needs to move to a lower level of taxation to be globally competitive.
“What you need is lower level of taxation, to provide services more competitive in nature. Competition is not domestic, it is global. This is one important change you will witness while you will be in service,” Jaitley said.
Speaking at the inauguration ceremony, the Finance Minister said, “Payment of legitimate taxes is part of a citizen’s duty and non-payment is visited with severe consequences.
“We have lived through last 7 decades in India under impression that if avoidance could be done of government revenue, there wasn’t anything immoral. That was considered to be commercial smartness. But some people were visited with very serious consequences,” Jaitley added.
Arun Jaitley also said that the India that we foresee in next future decades will be an India where voluntary compliances will have to increase.
Earlier on December 23, the Finance Minister in press briefing after the GST Council meet had said,”I am trying my best (on deadline of April 1). I don’t want to hasten the process of discussion and don’t want to delay the implementation.”
(With inputs from IANS




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