: PM Modi launches 'Transparent Taxation' platform to reward honest taxpayers #FinanceIndia #StockMarketNEWS PM Modi launches 'Transparent Taxation' platform to reward honest taxpayers New Delhi,

@StockMarketNEWS Sat 15 Aug, 2020

Posted in: #FinanceIndia #StockMarketNEWS

PM Modi launches 'Transparent Taxation' platform to reward honest taxpayers #FinanceIndia #StockMarketNEWS
PM Modi launches 'Transparent Taxation' platform to reward honest taxpayers New Delhi, Aug 13 (KNN) In a bid to ease the compliance burden for assessees and reward the "honest taxpayer, Prime Minister Narendra Modi on Thursday launched the platform for Transparent Taxation – Honouring the Honest and said that it will be a new milestone in the structural reforms initiated by the government.

"The countrys honest taxpayer plays a big role in nation-building... A faceless tax system will give the taxpayer confidence on fairness and fearlessness," the Prime Minister said in a video address after rolling out the Transparent Taxation - Honouring the Honest platform in a big push for tax reforms.

PM Modi said a "faceless appeal facility" will be available to all citizens from September 25, which is Deen Dayal Upadhyayas birth anniversary, and the initiatives will strengthen the efforts of "reforming and simplifying our tax system".

The PM said that the focus of the government in the last six years has been “Banking the Unbanked, Securing the Unsecured and Funding the Unfunded” and that the platform of “Honouring the Honest” is in the similar direction.

Modi praised the role of honest taxpayers in nation building and said that making the lives of such taxpayers easy is the responsibility of the government.

“When the life of an honest taxpayer of the country becomes easy, he moves forward and develops, then the country also develops and leaps forward,” PM added.

The PM also said the new facilities launched today are a part of the government’s resolve to provide maximum governance with minimum government. He said that every rule, law and policy are made with an emphasis of them being people centric, public friendly rather than power centric.

He said the country’s tax structure needed fundamental reforms as the earlier tax structure was developed from the one created during pre-independent times.

Even the several changes made during the post-independent times did not alter its fundamental character, he said.

He said that simplified laws and procedures make it easy to comply. One such example is the GST, he said, which replaced dozens of taxes.