Page 14 - NIS English 01-15 July,2023

Cover Story 6 Years of GST

Due to simplification and
low rates of tax, the num-
ber of taxpayers has in-
creased significantly. In
the year 2022 itself, this
number reached 1.4 crore
इच्ा + स्थिरता = संकल्प
with an increase of 112
्व
संकल्प + पुरुषार् = ससद्धि percent as compared to
66 lakh in 2017.

ith this mantra, a new chapter of economic
policy in India began six years ago on
WJuly 1, i.e., on this date, which has proven
to be a milestone in India's economic scenario. It
has reduced the number of taxes, the compliance
burden, and the overall tax burden on the average
citizen. As a result, there has been a significant
increase in transparency, compliance, and overall Implementation of GST is also an impor-
collection. That is, GST has emerged as a means tant step for the economic cleanliness of
for cooperation in nation building, and on July 1, the country. The country has now moved
2017, with a new direction, new speed, and renewed ahead leaving behind the system that
energy, it lined the common people of the country was made in 70 years, the shortcomings
with the celebration of honesty. This has only been and compulsions in doing business. GST
made possible by the willpower of the current has also started a new chapter of trans-
Centre leadership and political stability, which took
the form of a resolution and created an environment parency in the country.
of consensus through effort, transforming the 17-
year journey of GST into reality. Indeed, GST is a - Narendra Modi, Prime Minister

12 New India Samachar July 1-15, 2023