FM Nirmala Sitharaman on GST 3.0: Vision For Future Tax Reforms And IT System Readiness

Описание: Answering Questions from economics students at Christ University in Bengaluru at the INDIA TODAY interview, the Finance Minister discussed the evolution and future of the Goods and Services Tax (GST). Responding to student queries, the minister outlined that the first phase of GST was for the unification of taxes, while the current phase is focused on simplification. On the question of a 'GST 3.0', it was stated that the focus remains on effectively implementing simplicity for every consumer. The readiness of IT systems for these reforms was also addressed, with the minister confirming that a 10-day period was allocated to ensure all digital platforms, including those of the government, states, and vendors, are updated for a smooth transition. The minister also emphasized the government's stance on tax decisions, stating, "It is the duty of everybody who is involved in the process to pass it on to the end user for whom it is being meant." #gst #financeminister #indianeconomy #itwebvideos #taxreform #gstindia #simplification #bengaluru #christuniversity #economics #taxpolicy #digitalindia #insurance #askfm

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