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.
“Taxes are an important source of revenue for the government to run the country. Unfortunately, some commercial establishments, including big corporations, attempt to evade taxes. Diminished tax collection naturally affects a country’s development. However, GST has almost addressed this long-pending issue of tax avoidance,” Mr. Patil said.
Read more at: The Hindu
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