On GST day, finance minister Nirmala Sitharaman says enhanced tax collection is new normal

India is marking ‘GST Day’ on Thursday, i.e. July 1 to mark the completion of four years since the rollout of the historic tax reform. Speaking on the occasion, Union finance minister Nirmala Sitharaman on Thursday said that enhanced revenue collection under the new tax regime should be considered as the “new normal”. The finance ministry is on this day issuing certificates of appreciation to 54,439 GST payers for timely filing of returns and a cash payment of the tax. More than 88% of these taxpayers are from micro, small and medium enterprises.

This year on GST Day, the fourth anniversary of the tax reform, India commended tax officers in dealing with GST fraud and said that in the last four years the taxpayer base has almost doubled from 66.25 lakh to 1.28 crore.

“Commendable work has been done in the year gone by both in the area of facilitation and enforcement with numerous cases of fraudulent dealers and ITC being registered. The enhanced revenue collection in recent months should now be the new normal,” Sitharaman said.

Source- https://www.hindustantimes.com/business/on-gst-day-finance-minister-nirmala-sitharaman-says-enhanced-tax-collection-is-new-normal-101625121117944.html