Chennai: Allaying public fears on the new GST (Goods And Service Tax) regime, Union Minister for Urban Development and Information and Broadcasting M Venkaiah Naidu today said GST was a revolutionary reform and not a confusion as many sections consider. Speaking at a conference MODI (Making of Developed India) and GST, jointly organised by ICAI, South Indian Hotels and Restaurants Association, World Tamil Economic Foundation and Arma Medical Foundation, he said ‘GST is a good and simple tax regime. ‘It has a history of 17 years behind its implementation.
It has been the dream of former Prime Minister Atal Bihari Vajpayee and has come into implementation after a lot of deliberations’, he said. There could be no room for confusion as lot of discussions have taken place before its implementation, he added. Mr Venkaiah Naidu said various programmes have been held across the country for GST and detailed deliberations were done. ‘There may be some issues initially, but as time moves ahead they may be resolved’, he said. The power to tax was now with the GST Council, which would be meeting from time to time. This will give enough scope to solve issues, he added. ‘GST will help us in the long run and honest taxpayers and common people need not worry’, he said.
