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GST rates can be reduced further once tax base increases: Finance Secretary

GST rates can be reduced further once tax base increases: Finance Secretary

GST rates can be reduced further once the tax base increases and everyone pays taxes properly, Finance Secretary Ajay Bhushan Pandey said on Thursday.

"Once the tax base increases and if we are able to enforce our tax laws and everyone pays taxes properly, there will be definitely scope for further reduction of taxes," he said.


Addressing a session on 'Digitisation in Governance' at CAPAM 2020, he said the ultimate aim should be to collect minimum taxes at minimum rates.

"The government should collect taxes which are absolutely necessary and to that extent, we need to increase our tax base," he said.

Pandey said the government is also working on reducing the number of forms under the GST. He said that there were 495 forms in the pre-GST era with 17 different taxes which were levied by various states. "After the introduction of GST, the number of forms have reduced to 17-18 and we want to further cut down the number of forms in GST," he added.

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