Speed Post News Network
New Delhi : PM Narendra Modi launched a platform for “Transparent Taxation – Honouring the Honest” through video conferencing on August 13, 2020. Speaking on the occasion, the PM said that the process of Structural Reforms in the country has reached new heights today. He said the platform of “Transparent Taxation – Honouring the Honest” has been launched to meet the requirements of the 21st century taxation system. He elaborated that the platform has major reforms like Faceless Assessment, Faceless Appeal, and Taxpayers Charter.
The PM said that Faceless Assessment and Taxpayers Charter have come into force from today while the facility of faceless appeal will be available to the citizens across the country from September 25, 2020, i.e. Deen Dayal Upadhyay’s birth anniversary. The new platform apart from being faceless is also aimed at boosting the confidence of the taxpayer and making him/her fearless. The PM said that the focus of the Government in the last six years has been “Banking the Unbanked, Securing the Unsecured,and Funding the Unfunded” and that the platform of “Honouring the Honest” is in that direction.
The Prime Minister praised the role of honest taxpayers in nation building and said that making the lives of such taxpayers easy is the responsibility of the government. “When the life of an honest taxpayer of the country becomes easy, he moves forward and develops, then the country also develops and leaps forward,” he added.
PM Modi said the new facilities launched today are a part of the Government’s resolve to provide maximum governance with minimum government. He said that every rule, law and policy are made with an emphasis of them being people centric, public friendly rather than power centric. He said that an atmosphere is being created where primacy is being given to duty to execute all works. This is the result not because of force and fear of punishment but because of an understanding of the holistic approach that is being adopted.
The Prime Minister said the country’s tax structure needed fundamental reforms as the earlier tax structure was developed from the one created during pre-independent times. Even the several changes made during the post-independent times did not alter its fundamental character, he said and added that the complexity of the earlier system made it difficult to conform. He said that simplified laws and procedures make it easy to comply with. One such example is the GST, he said, which replaced dozens of taxes, according to a PIB release.
The Prime Minister said that the latest laws reduced the legal burden in the tax system where now the limit of filing cases in the High Court has been fixed at up to Rs 1 crore and up to Rs 2 crore for filing in the Supreme Court.
PM Modi said that the tax slabs have also been rationalised as a part of the ongoing reforms where there is zero tax up to an income of Rs 5 lakh. He said India is one of the countries with lowest Corporate Tax in the World.
The PM said the ongoing reforms aim at making the tax system Seamless, Painless, Faceless. He said the Seamless system works to resolve the problems of a taxpayer instead of entangling him further. By being Painless he said, everything from technology to rules should be simple. Referring to the Faceless system he said there is no need for a direct contact between the Taxpayer and the Income Tax Officer in all matters of scrutiny, notice, survey or assessment.
The PM, however, said that it can also not be denied that only 1.5 Crore people pay the taxes in a country and urged people to introspect themselves and come forward to pay the taxes due on them.