There are no grey areas in implementation of tax law : Jaitley

Speed Post News Network

New Delhi : Union Minister of Finance and Corporate Affairs Arun Jaitley on October 1, 2017, said that as far as GST is concerned, there is space for improvement eventually once we become revenue neutral to think in terms of bigger reforms such as lesser slabs. ” But, for that we have to become revenue neutral plus. To ensure this, we have to certainly ensure larger presence,” Jaitley said.

He said that there are no grey areas in implementation of tax laws. The Finance Minister said that the taxes which are payable have to be paid and which are not payable, then the same are not to be paid. He asked the young officers that in case of doubt, move straight. Jaitley was delivering the valedictory address at the NACIN Founding Day and Passing-out Ceremony of the 67th Batch of IRS (C&CE) at NACIN in Faridabad, Haryana, according to a PIB release.

The Finance Minister told the officers that they will get the option of choosing the path of working with dignity, self-respect and honesty from the very beginning of their career. The peer group is the best to judge the performance of an officer, he concluded. National Academy of Customs, Indirect Taxes and Narcotics (NACIN) celebrated its Founding Day  on  October 1, 2017, at NACIN Complex, Faridabad, for the first time. It started as a Training School in 1955 on October 1.The 2015 batch of Indian Revenue Service (IRS,C&CE) which has passed-out from the Academy after completing their professional training comprised 147 officer trainees including 32 women officers.

During the passing-out ceremony, Jaitley awarded medals to the five officer trainees who excelled in different areas of training. Dr Farah Zachariah was awarded with the Finance Minister’s gold medal for being the overall best officer trainee. Jaitley also unveiled the NACIN Coffee Table Book and Year Book on the occasion. The Coffee Table Book traces the history of the Academy as well as of the Indian Revenue Service. The Finance Minister also felicitated four outstanding Faculty of NACIN for their contribution in the field of training and capacity building.