Begin typing your search above and press return to search.

GST helps businessmen: Officials

By Staff Correspondent
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • koo
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • koo
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • koo

SHILLONG, Dec 19 - Introduction of Goods and Services Tax (GST) has resulted in ease of doing business and reduced �illegal� transactions, while there has been a low rate of inflation.

Giving a presentation on a day-long workshop on GST here, Superintendent of Taxes, Mang Pariat today said, the new legislation has helped the business community and there is more transparency in transaction.

On the other hand, a total of Rs. 266.46 crore was collected in revenue by the Central Board of Excise and Customs (CBEC) in Meghalaya as on November 30 this year after implementation of the GST.

CBEC, Assistant Commissioner, AM Paul said that after the implementation of the GST, an amount of Rs. 77.5 crore was collected in revenue in August alone.

In September, Rs. 62.5 crore was realised Rs. 65.43 crore, while in November, the revenue figure stood at over Rs 61 crore. The official said that the nationwide e-way bill system will be rolled out on a trial basis by January 16, 2018.

Paul further added that traders who were in the tax bracket are especially pleased with the easy process of the GST. �Those outside the tax bracket are slowly joining the system and gradually coping with it,� Paul said.

In his address said, BDR Tiwari, Secretary Planning, said, the GST has improved efficiency of the various government departments enabling them to concentrate more on delivery rather than processes.

Next Story
Similar Posts
GST helps businessmen: Officials

SHILLONG, Dec 19 - Introduction of Goods and Services Tax (GST) has resulted in ease of doing business and reduced �illegal� transactions, while there has been a low rate of inflation.

Giving a presentation on a day-long workshop on GST here, Superintendent of Taxes, Mang Pariat today said, the new legislation has helped the business community and there is more transparency in transaction.

On the other hand, a total of Rs. 266.46 crore was collected in revenue by the Central Board of Excise and Customs (CBEC) in Meghalaya as on November 30 this year after implementation of the GST.

CBEC, Assistant Commissioner, AM Paul said that after the implementation of the GST, an amount of Rs. 77.5 crore was collected in revenue in August alone.

In September, Rs. 62.5 crore was realised Rs. 65.43 crore, while in November, the revenue figure stood at over Rs 61 crore. The official said that the nationwide e-way bill system will be rolled out on a trial basis by January 16, 2018.

Paul further added that traders who were in the tax bracket are especially pleased with the easy process of the GST. �Those outside the tax bracket are slowly joining the system and gradually coping with it,� Paul said.

In his address said, BDR Tiwari, Secretary Planning, said, the GST has improved efficiency of the various government departments enabling them to concentrate more on delivery rather than processes.