Union Minister Piyush Goyal claims GST will make it impossible to evade tax now!
Union Minister Piyush Goyal said, “GST will make it almost impossible to evade tax. Tax collection is extremely necessary for sustainable development of a nation. Now with GST structure the network will be as such that grey market will almost seize to exist”.
He further said,” Same as sunrise takes time, GST will also take some time to create an Impact. It is the biggest economic change in the world. People will take some time to accept and acknowledge it but when they will get used to it will become most easy and convenient taxation law of the country”.
Minister acknowledged that certainly there will be a space for further improvement in the law and whenever any such things will come to light, necessary steps will be taken for it.