.GST collections show economy on the mend (ET 2/3/25).
Instead of developing the GST as a goods and services tax to augment the resources of the Government in an irritating manner, is it not better to enhance the status of GST as the most innovative, wonder, equitable and justifiable tax of the Nation enjoying its acceptance and 100 percent compliance . As the honourable PM commented, make it GOOD and SIMPLE TAX literally. The need to augment revenues for all round development of the economy and welfare of the masses is understandable by all interested in the rapid progress of the nation and THE PEOPLE SEEM TO BE mentally and emotionally prepared to cooperate and fully comply with the authorities and their requirements. Making it complicated and discouraging through high rates without bringing in any value addition in terms of bringing down the widening inequality, simplifying the very and various types of tax structures etc brings only anti climax to the tax system. Simply aiming at augmenting revenue through all possible ways including GST has a cascading effect on inflation, cost of production , cost of living , ease of doing business and demotivating all interested in the business , economy , nation, politics and democracy, both Central and State Governments . Earlier this truth is realised and acted upon sensibly and wisely, the better for the Govt , the people , the economy and the nation . The need is, reducing the number of taxes, augmenting Government's revenue, freeing the Government from the burden of freebies, making 140 crore people as contributors to nation building by happily participating , cooperating and complying with tax requirements and taking the nation forward through all round economic progress by optimally utilising all the resources at our command . After all , the need is to have a comfortable, peaceful, safe and happy life enjoying the blessings of nature and benefiting from the prudential use of the natural and human resources. Tax cannot and should not act as a burden but should definitely serve as an agent of dependable source of support to ensure the well being of all living beings.
Replace all other taxes by reforming the GST and reduce inequality gradually and systematically. Less the number of taxes, more the acceptance and better compliance .
THE WHOLE NATION IS VERY KEEN TO WATCH THE ECONOMY PROGRESS FAST AND REALISE THE DREAM OF REACHING ADVANCED STATUS BY 2047 AND FOR THIS WHAT IS NEEDED IS SIMPLE , AFFORDABLE , FULLY CONFORMABLE AND HAPPILY ACCEPTABLE TAX STRUCTURE BY ALL SEGMENTS OF THE PEOPLE AND BUSINESSES. GST CAN EMERGE AS A WONDER TAX AND BE THE MOST INNOVATIVE INVENTION OF THE NATION AND THE PEOPLE OF INDIA.
T V G KRISHNAN
14/2/25.
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