Terming Goods and Services Tax (GST) an important milestone in the history of India’s tax regime, Assistant Commissioner of Commercial Tax Mahesh Patil has said that the new system has revolutionised the very tax collection system in the country. Diminished tax collection naturally affects a country’s development. However, GST has almost addressed this long-pending issue of tax avoidance,” Mr. Patil said. Another Commercial Tax officer Ashok S. spoke about registration and return filing. Stressing on the importance of tax payment, he told students to be sincere in paying taxes to the government, whether it is income tax or commercial tax.

Source: The Hindu February 19, 2024 11:32 UTC