GST will bridge the gap between State and Union government : Arun Goyal, IAS

ASHISH TIWARI (PHOTO/VIDEO SAURABH SHRIVASTAVA) TENNEWS

The positive expansion of legislative activity to roll out Goods and Services Tax (GST) has been hailed and rightly so as an important step in India’s economic transformation. It was helped by the willingness of all political parties to prioritise long-term good over, said Arun Goyal, IAS officer and additional secretary GST Council during a seminar on GST in New Delhi on Wednesday.

He further said that, it will also bridge the gap between state and union government for smooth working. Current tax architecture does not encourage transparency, which leads to attendant problems such as black money, he added.
While concluding his remarks, he said GST represents not just an economic reform, but also a step that will lead to formalisation of Indian economy.