BENGALURU: The Goods and Services Tax, to be rolled out in just over a month, will not only check evasions but also help India evolve as a more tax-compliant society, Finance Minister Arun Jaitley said here on Monday.
Jaitley was speaking after inaugurating the new campus of the National Academy of Customs, Indirect Taxes and Narcotics (Nacin), which will train officers of Central Board of Excise and Customs, and officers of VAT department in the new GST regime.
“The new indirect tax is a product of Federal India.Therefore, the coordination between taxation authorities of states and the Centre will be important. It is therefore extremely important that tax training academies such as (Nacin) will have a vital role to play,” he said
The minister said, the amalgamation of various indirect taxes under GST is itself a monumental taxation change, which requires personnel to upgrade their skills and knowledge, as it evolves while adm-inistering.
He added that the elimination of interaction between the authority and tax payers will minimise harassment.