- Police welcome CRPF bike rally
- Women stage protest against liquor shop
- Bus operators warned against charging high fares
- Two chain snatchers arrested
- KADA PD Vikas Marmat transferred
- YSRCP moves HC for disclosure of criminal cases against candidates
- YSRCP announces candidates for 27 ULBs
- Yadadri chief engineer suspended over power generation lapses
GST reforms to ease taxpayer burden
In Short
CBIC chief highlights proposals to automate refunds, reduce manual intervention and promote ease of doing business
Share :
GST reforms to ease taxpayer burden
Hyderabad: Central Board of Indirect Taxes and Customs (CBIC) Chairman Vivek Chaturvedi on Thursday highlighted key GST process reforms recommended at the 57th GST Council meeting, aimed at reducing the burden on taxpayers and improving ease of doing business.
Chaturvedi, along with CBIC Member (GST) Sanjay Mangal, interacted with around 250 taxpayers and trade and industry representatives in Hyderabad. Participants included MSMEs, large manufacturers, service providers, traders, exporters, start-ups, e-commerce operators and representatives of trade bodies and chambers of commerce.
Chaturvedi said GST had become an important tool in achieving the goal of Viksit Bharat by 2047. While the 56th GST Council meeting focused on rationalising tax rates and reducing the tax burden across key sectors, the 57th meeting recommended a new set of process reforms to make compliance easier for honest taxpayers.
He stressed the need to support genuine businesses and transform tax administration into an economic partnership. Key recommendations included withdrawing arrest provisions under the GST law, raising the prosecution threshold, introducing automated refunds and reducing manual intervention.
The Council also recommended that vehicle inspections be conducted only on the basis of specific intelligence, and only in the originating and destination states, with authorisation from an officer of at least the rank of Joint Commissioner.
The Chairman also discussed the proposed centralised administration of GST for taxpayers under the Central Government's administrative jurisdiction and sought feedback from trade and industry representatives.
Chaturvedi and Mangal responded to participants' queries and welcomed suggestions for further tax reforms, assuring them that these would be examined.
Industry representatives welcomed the recommendations, saying they would promote trust-based tax administration, improve working capital flows and significantly ease business operations.
In the afternoon, the two senior officials interacted with CBIC officers and stressed the need for a transparent, friction-free and predictable tax administration.
