Goods and Services Tax (GST) is an indirect tax levied in India on the sale of goods and services. The tax came into effect from July 1, 2017 through the implementation of One Hundred and First Amendment of the Constitution of India. The tax is a very significant step in the field of indirect tax reforms in India. By amalgamating a large number of Central and State taxes into a single tax, GST will mitigate ill effects of cascading or double taxation in a major way and pave the way for a common national market. The tax rates, rules and regulations are governed by the Goods and Services Tax Council which comprises finance ministers of centre and all the states. GST simplified a slew of indirect taxes with a unified tax and is therefore expected to dramatically reshape the country’s 2 trillion dollar economy.
Consequent upon the issuance of Notification No. 02/2017-Central Tax dated 19.06.2017 the office of the Principal Commissioner of Central Tax was created with Territorial Jurisdiction Areas falling under the jurisdiction of New Okhla Industrial Development Authority (NOIDA) in the District of Gautam Buddh Nagar and area falling in district of Hapur in the state of Uttar Pradesh.
We focus on development, rather than control. Our mission is to create a better India through Finance. As such we interact and facilitate with industry to make Noida a world-class financial and business hub.
The Ease of Doing Business encapsulated in the efficient tax administration system shall usher symbiotic environment to fulfill the dreams of billions of stake holder –
To inculcate cooperation between stake holders by enthusing the dynamic of trust and power.
To deliver a robust programme which shall be –
a) be clear about its aims and terms, b) deliver demonstrable and cost-effective increases in revenues; c) be consistent with the generally applicable compliance and enforcement regimes; d) help to deter non-compliance; e) improve levels of compliance among the population; and f) complement/ measures that improve compliance in the longer-term.
The accepted standards to encourage tax friendly regime by reinforcing and re-assuring element of the trust intertwined with the transparency in the tax administration- trust based on automatic-affective processes – scrupulously follow the Citizen Charter & make the RTI as user friendly,
b) The minimization of human intervention with lot of humane to instill harassment free environ for the tax compliant and a huge deterrence to the willful defaulter / tax evader.
c) In a confidence climate both tax authorities and taxpayer perceive as working for the good of the community and reciprocate by contributing their share because they feel intrinsic motivation as members of the same community- evolving the taxpayers from following the letter of the law to the spirit of the law.
d) good governance should spill from every gesture, articulation and mannerism and Motto is loud and clear –
“ WE ARE HERE TO ENSURE THAT YOUR PROBLEM IS RESOLVED.”
In the broader vision, as the prime minister of our country pointed out in his address, honesty is the best policy. “By running away from rules, we lose our peace (of mind). Anybody can harass us. Why should we let that happen? Why don’t we give correct information to the government about our income, about our wealth?” he exhorted. As one get ready to file his tax return this year, keep his words in mind.