India


GST reforms to foster transparent, efficient, business-friendly tax regime: Delhi CM

New Delhi, Oct 8 (UNI) Delhi Chief Minister Rekha Gupta on Thursday participated in the 57th GST Council meeting held at Bharat Mandapam, and welcoming the reforms proposed by the GST Council, she said that the objective is to develop a tax regime in the country that is transparent, efficient, responsive, and business-friendly.
Gupta stated that in line with the spirit of 'Sabka Saath, Sabka Vikas, Sabka Vishwas', several important reforms aimed at making the GST system simpler and more convenient for taxpayers were discussed in the GST Council meeting.
She said that the automation of the refund process will ensure that business owners receive their money on time, which will also enhance the competitiveness of exporters.
At the same time, the system of automated cancellation of registration will provide relief from unnecessary delays to taxpayers closing their businesses.
Gupta also said that GST registration process is also being simplified, which is going to make it smoother for small sellers operating on e-commerce platforms as well.
She noted that steps such as removing the power of arrest under GST and rationalizing prosecution provisions will create a favorable environment for business in the country.
Extending her best wishes to the residents of the national capital, Chief Minister expressed hope that these positive and progressive changes being introduced by the GST Council will usher in a new era of prosperity and dynamism in Delhi's economic sector.
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