GST brought in transparency, game changing impact: Goyal

Source: The Hitavada      Date: 02 Jul 2018 09:16:30



UNION Finance Minister Piyush Goyal on Sunday hailed the Goods and Service Tax (GST) as a great unifying factor and as a harbinger of a very transparent system that would encourage clean economy and also ensure interference free tax mechanism.

Addressing a function organised to celebrate the GST Day on the completion of first year of enforcement of the uniform tax regime, Goyal said the consumers have been greatly benefited as GST has heralded an era of transparency. “This is one of the chief achievements for GST,” he said, adding that the new mechanism has left “game changing impact” for small traders. “This GST move is similar to what Sardar Vallabhbhai Patel did by unifying the country and brought in economic unity,” he said.

Goyal said the GST has especially made positive impact on youngsters - who unlike their elders want a more transparent system and wants to do a business which is hassle free.