Tax collection should be smooth: President
Team Udayavani, Sep 6, 2017, 4:58 PM IST
New Delhi : Tax collection should be a smooth process and there should be minimum discomfort to the tax- payer, President Ram Nath Kovind said here today. He said the collection of revenue is critical to the task of nation building.
Citing Chanakya, Kovind said a government should collect taxes like a honeybee, which collects just the right amount of nectar from flowers so that both can survive. Kovind was addressing probationers of the 67th (2015) batch of the Indian Revenue Service (Customs and Central Excise) who called on him at the Rashtrapati Bhavan today.
He said that in a sense the young officers would drive the Goods and Services Tax, which he termed as the biggest economic reform since Independence. Kovind said the age of globalization and technological advance has thrown up enormous opportunities for trade and investment.
“It also, unfortunately, creates avenues for fraud and money laundering. It is their job to promote economic activity and curb fraud. Both these goals are important,” a statement from the Rashtrapati Bhavan quoted the President as saying. He told the probationers that work they do has implications for India and for India’s reputation in the world – as a trusted business destination, with a fair and predictable tax regime.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Stock markets stage strong rebound after 4 days of slump, Sensex rallies 599 pts
PHF Leasing Limited raises $10 Mn through a mix of equity and debt
CCPA asks FSSAI to probe claim of Nestle adding sugar to baby products
Markets tank in early trade as Middle East tensions flare-up
Tesla shares tumble below $150 per share, giving up all gains made over the past year
MUST WATCH
Latest Additions
Mangaluru: ‘Five and a Half CMs’ governing Karnataka, says Gaurav Bhatia
Congress, Left ideologically bankrupt, says Nadda
Mangaluru: Bajrang Dal demands death penalty for accused in Neha Hiremath murder case
There will be chaos if we start entertaining pleas against rejection of nomination papers: SC
Stock markets stage strong rebound after 4 days of slump, Sensex rallies 599 pts