Tax law reforms imperative: FinMin
GK NEWS NETWORK
Jammu, Jan 23: Minister for Financial, Abdul Rahim Rather today said that the Government was always open to remove anomalies in tax statues, if any, with an objective to generate more revenue without any harassment to the dealers.
Speaking at pre-budget meetings with the members of Tax Bar Association, Civil Society and intelligentsia, Rather assured the Tax Bar members that their good suggestions to simplify the taxation system would be appreciated, and if any time need was felt legislative changes would be made in this regard.
He said reforms in the tax law was imperative to bring further improvements in a system, adding that the State by bringing tax reforms from time to time has achieved a distinction to be one of the best tax collection states of the country.
The FM hoped that J&K will also be a good performer in the successful implementation of the proposed Goods and Services tax regime, which being implemented throughout the country shortly.
He asked the bar members and the intelligentsia to study all the pros and cones of the proposed Goods and Services Tax Regime (GST).
Lastupdate on : Wed, 23 Jan 2013 21:30:00 Makkah time
Lastupdate on : Wed, 23 Jan 2013 18:30:00 GMT
Lastupdate on : Thu, 24 Jan 2013 00:00:00 IST
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