Left Menu
Development News Edition

N K Singh says GST is an iconic tax reform, will improve compliance

PTI | New Delhi | Updated: 29-11-2019 17:41 IST | Created: 29-11-2019 17:41 IST
N K Singh says GST is an iconic tax reform, will improve compliance

Fifteenth Finance Commission Chairman N K Singh on Friday said the goods and services tax has been an iconic taxation reform that will improve compliance in the country. "GST (goods and services tax) was a far-reaching iconic reform related to the share of resources between the central and state governments. It is indeed a radical tax reform," Singh said at the India Economic Forum Skoch event here.

India had shifted to this new indirect tax regime from July 2017 which aims to bring down tax compliance across the country and create a large single market. It was formed after amalgamation of 17 various central and state levies, including excise duty, service tax and value-added tax.

"Let it not be misunderstood when many critics have said that the GST is a failure. This is exactly not a failure, this in my view is an outstanding attempt to bring about a radical change in architecture of taxation which will have many multiplier gains in terms of having the simplicity of the tax structure," he said. In September, the country's GST collection had fell sharply to a 19-month low of Rs 91,916 crore.

This was the second straight month of decline in the GST collections. The government had collected Rs 98,202 crore as GST in August and Rs 94,442 crore mop-up in the same month a year ago.

Cumulatively, during April-September, GST collections totalled Rs 6.06 lakh crore. In comparison, tax collections in the corresponding period of the previous fiscal were Rs 5.78 lakh crore.



Post-COVID-19 Nigeria needs a robust Health Management Information System to handle high disease burden

Nigeria is among a few countries that conceptualised a health management information system HMIS in the early 90s but implementation has been a challenge till date. Besides COVID-19, the country has a huge burden of communicable and non-com...

Morocco COVID-19 response: A fragile health system and the deteriorating situation

Learning from its European neighbors, Morocco imposed drastic measures from the initial stages of the COVID-19 outbreak to try to contain its spread. The strategy worked for a few months but the cases have surged after mid-June. In this sit...

COVID-19: Argentina’s health system inefficiencies exaggerate flaws of health information system

You can recover from a drop in the GDP, but you cant recover from death, was the straightforward mindset of Argentinas President Alberto Fernndez and defined the countrys response to COVID-19. The South American nation imposed a strict...

Rwanda’s COVID-19 response commendable but health information system needs improvement

Rwanda is consistently working to improve its health information system from many years. However, it is primarily dependent on the collection and reporting of health data on a monthly basis. Besides, evaluation studies on Rwandas HIS publis...


Latest News

No second coronavirus wave in Mumbai, assures municipal commissioner

There is no second wave of COVID-19 in Mumbai and the infections are rising due to increased testing, Municipal Commissioner Iqbal Singh Chahal said on Thursday. He also said the Brihanmumbai Municipal Corporation BMC was in discussion with...

Tennis-Nadal faces tough path to French final, Wawrinka takes on Murray in round one

Rafael Nadal, who is seeking a record-extending 13th French Open title and a record-equalling 20th Grand Slam singles crown, was handed a relatively tough path to this years final at Roland Garros when the draw was made on Thursday. The Spa...

Amazon adds spherical speakers, car security products to devices lineup

Amazon.com Inc on Thursday announced the latest additions to its devices lineup, including voice-controlled Echo speakers with a new spherical design and Ring security video and alarm products for cars.The company said Tesla Inc vehicles wi...

WRAPUP 4-U.S. labor market losing speed as fiscal stimulus wanes

The number of Americans filing new claims for unemployment benefits unexpectedly increased last week, supporting views the economic recovery from the COVID-19 pandemic was running out of steam amid diminishing government funding.The weekly ...

Give Feedback