GST will be reality soon: Minister of State for Finance

GST will be reality soon: Minister of State for Finance
Government expressed the hope that the proposed comprehensive indirect tax reforms would see the light of day in near future, reported PTI.

"I hope that good sense will prevail and Goods and services tax (GST )will be a reality," Minister of State for Finance J D Seelam said at a function organised by Central Board of Excise and Customs. "I wish that we would have got the required political support. We spoke to finance minister of different states. It is unfortunate that we could not get the required consensus," he said.

There is a need to widen the tax base, he said as per the media report, adding that there is need to simplify the tax procedure and make it more transparent.

Dion Global Solutions Ltd.

Read more about: gst, indirect tax, cbec
Story first published: Tuesday, February 25, 2014, 9:10 [IST]
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