Tribune News Service
New Delhi, August 13
Prime Minister Narendra Modi in the present day launched a platform to offer faceless evaluation and attraction in earnings tax instances, which, he mentioned, was a part of the method to overtake numerous colonial-era tax legal guidelines.
“The previous system, instead of expanding the taxpayer base, was harassing honest businessmen, workers and those providing employment,” noticed the PM whereas additionally launching the taxpayers’ constitution, first introduced by Finance Minister Nirmala Sitharaman throughout her Budget speech.
The PM mentioned after the Independence, the coercive and colonial system of tax assortment was solely tinkered with. “But largely, the system and the character remained the same. As a result, the taxpayer, who is a strong pillar of national development, was put in dock,” he mentioned.
“Soch and method dono badal gayi (Thinking and method, each have modified). Reforms ought to be policy-based, holistic and one reform ought to type the premise for additional reforms,” the PM mentioned whereas mentioning that earlier regimes would label adjustments made beneath stress as reforms and they might grow to be an finish to themselves.
“We have not done just one reform. There have been consistent efforts over the last few years,” mentioned the PM whereas pointing to the junking of 1,500 outdated legal guidelines, an enormous enchancment within the ease of doing enterprise and main adjustments in legal guidelines and guidelines.
“Seeing this commitment, the trust of foreign investors has increased, leading to record inflow of foreign direct investment (FDI) even during the Covid pandemic,” he mentioned.
He mentioned the adjustments had been resulting from 4 causes: Policy-driven governance, narrowing of gray areas of discretion, limiting human interface by use of expertise, and awarding effectivity in forms.
The earlier system enabled the flourishing of “black and white” (cash) as a result of it was advanced. The new GST slab system has eliminated the necessity for unnecessarily offering a number of paperwork; schemes like “Vivad Se Vishwas” have helped settle round three lakh instances out of courtroom; and the tax system is being now made seamless, painless and faceless.