Govt to take measures to ensure that honest taxpayers are not harassed: PM

  • | Income Tax - News
  • 13 Aug 2019
  • 840 Views
  • 126 comments
    • Print Friendly and PDF

Hon;ble Prime Minister Narendra Modi has recently given Interview to Economic Times on Various Issues related to Economy and Taxation. Honorable Union Finance Minister Nirmala Sitharaman has posted some of the Important points from his Interview on her twitter Handle which are as follows:-

“…vision for the next five years is to have investment-led growth. We are targeting `100 lakh crore…investment in 5 years…further liberalising our FDI policy…the government will work with an open mind in consultation with all stakeholders.”@narendramodi

“…past 5 yrs, India witnessed the highest average growth rate with lowest average inflation… we were able to bring crores of poor families out of (destitution)…economic growth…means wealth creation for the nation…not…more money into state exchequer…”@narendramodi

“…to boost credit flow, the plan to recapitalise banks…set in motion…they are…encouraged to lend to Non-Banking Financial Companies...to improve availability of credit for…private sector…boost the economy…securing trust of the markets.” @narendramodi

“This depends on the domestic and international demand. We are facing some headwinds on this. One of the major reasons for domestic demand being curtailed is the credit constraints. So, it is a vicious cycle, which is at its last stage.” @narendramodi

“We have ensured clean lending and sustainable growth and I think that it is just a matter of a short time before we see the private sector booming again.” @narendramodi

“Various ministries are in continuous dialogue with different industries to enable the private sector to grow at their full potential. We are willing to go as far as needed to ensure that ‘animal spirits’ are revived and our entire private sector is bullish.” @narendramodi

“The bulk of FDI decision-making by global companies is no longer influenced by FDI capital controls that India has, as our capital controls against FDI are gone in most sectors. Now the questions are about India as an operating environment.” @narendramodi

“This involves financial regulation, tax policy, tax administration, the behaviour of regulators, predictability of policy, quality of infrastructure…We have addressed many of these issues…and the balance of this agenda is the area that we will now focus on.” @narendramodi

“…announced in…budget…to invite global companies to set up mega-manufacturing…such as semi-conductor fab…photo voltaic cells, lithium storage batteries…charging infrastructure, provide them investment-linked income-tax exemptions &indirect tax benefits. @narendramodi

“vision to double farmer income by 2022 is…by a focus on increasing exports…farmers…as potential exporters…value addition…will play a big role. To strengthen this, we have already set up many mega food parks..many cold chain projects.” @narendramodi @HarsimratBadal_

“…not looking to boost exports by incentives only…also to improve…competitiveness… Various measures taken…Lower interest rates, improvement in logistics sector…simplification of GST…the new automated refund system for GST will help exporters.” @narendramodi

“…budget is neither the beginning nor the end of our work in economic policy. My team and I are thinking about these issues all the time and acting on them…announced ₹ 70,000 crores capital in public sector banks to boost credit growth in the economy.” @narendramodi

“Ideas such as asset monetisation, asset recycling and a continued focus on strategic disinvestment are aimed at raising funds for public capital expenditure. These measures will boost growth and crowd-in private investment soon.” @narendramodi

“… issue is not merely… lowering of policy rates…, also about the cost & availability of credit…transmission…is important. We are working…with the Reserve Bank &…banking to remove blockages in…flow of credit, to small & medium enterprises.” @narendramodi

“…looking to remove all delays in government payments and tax refunds so that cash-flow in the economy revives. Surplus liquidity in international financial market provides an opportunity to tap capital at lower rates…makes …investment economically viable.”@narendramodi

“We remain committed to invest record amounts in urban as well as rural infrastructure, which shall lead to ‘ease of living’ as well as create more opportunities for people. “ @narendramodi

“…black sheep in tax administration…misused…powers…harassed taxpayers…honest assesses…taking excessive action for minor…violations…have…taken…step…compulsorily retiring…number of tax officials…will not tolerate this type of behaviour.”@narendramodi

“For vast majority of Income-tax payers,today refunds are credited to bank accounts automatically within weeks without …need to go and pursue it…We are starting faceless assessment of income-tax return. This will eliminate human interface to a large extent. @narendramodi

“I have instructed the revenue secretary to come up with measures to ensure that honest taxpayers are not harassed and those who commit minor or procedural violations are not subjected to disproportionate or excessive action.” @narendramodi @cbic_india @IncomeTaxIndia

“The post of member (taxpayer services) will be activated in both the CBIC and CBDT by posting a very senior officer for this charge. They will be responsible for improving taxpayer services and will keep a watch on grievance redressal. @narendramodi

“order to reduce litigation and …taxpayer grievances..limits with respect to income tax cases have been increased to ₹2 crore for SC,₹1 crore for HCs & ₹ 50 lakh for appellate tribunals…will reduce pendency in higher courts…” @narendramodi

“…GST…rate reductions, one study points out that average middle-class family saves about ₹ 1,500/yr in…their household expenditure…need to encourage digital transactions…We need to inculcate habit of asking for bills while doing any purchase.” @narendramodi

“Five years ago, we inherited a totally broken financial system. I had an option to let the country know the state of affairs in 2014 itself…any such disclosure…would have shattered the confidence of investors who were looking at India with high hopes.” @narendramodi

“…if a business does his transactions through digital means, even with a turnover of about ₹1 crore, he will pay zero income tax…availing…deductions…savings and housing loan incentives, even…with a turnover of ₹1.5 crore would…pay…zero income tax.”@narendramodi

Entrepreneurs are our ‘Growth Ambassadors’, will make India a better place to do business : Hon’ble PM Shri @narendramodi

“No growth is possible if bankers stop taking decisions on day-to-day basis. I reassure the banking fraternity that all their decisions taken in good faith with sound business rationale would not face any witch hunt.” @narendramodi

“…credit growth…revived during 1 &1/2 yrs…more is desired. I appeal to all…bankers to meaningfully pass on the benefits of low inflation to borrowers. They should…make use of significant surplus liquidity available in the system at the aggregate level. @narendramodi

The vision for the next five years is to have investment-led growth. We are targeting Rs 100 lakh crore worth of investment in the coming five years: Hon’ble PM Shri @narendramodi

“…reviving housing sector…growth for developers…protecting the interest of the home-buyers. RERA …a…step in this direction…trust in the market…was in short supply due to the actions of a few black sheep, is returning…budget, announced many measures.@narendramodi

“On automobiles, the finance ministry has had a constructive dialogue…The slowdown is transient, accentuated by credit constraints, some regulatory changes and passiveness in demand. I believe that both demand and the industry will bounce back strongly and soon.”@narendramodi

“. I would like to assure everyone that India has a large…market…big enough policy space to ensure growth of internal combustion engine (ICE) based automobiles…& electric vehicles (EVs). There is no need to speculate about the growth of either of the two.”@narendramodi

Source-

1. https://twitter.com/nsitharamanoffc

2. https://economictimes.indiatimes.com/news/politics-and-nation/et-exclusive-pm-modi-says-he-will-leave-no-stone-unturned-to-make-india-a-better-business-destination/articleshow/70636196.cms?from=mdr

(Article been published after replacing an earlier article, contents of which were obsolete. )

Tags:

More Under Income Tax

Income Tax Department conducts Search on wellness group
Section 35D of Income Tax Act 1961
Extend due date to take Input Tax Credit for Financial Year 2018-2019
Download NSDL e-TDS / TCS RPU / FUV applicable from 16.10.2019
Join Online Income Tax Certification Course by TaxGuru Edu

126 Comments

  5. Sanjay Bhattacharyya says:

    I am very much interested in attending GST certification course but unfortunately the days are not suitable for me. Is there any possibility of having repeat course conducted in January,2018 at Kolkata?

      Reply
  6. J SIVARAMAKRISHNA says:

    Good Evening sir,
    I’m a Accounts Professional & very much interested to join this course. When it is conduct in Vizag/Hyderabad , Andhra Pradesh.
    iam very much Thanks to conduct this type of Certification course.
    J.Sivaramakrishna
    Tax consultant,

      Reply
  7. SANKAR BANERJEE says:

    I am very much interested in attending GST certification course but unfortunately the days are not suitable for me. Is there any possibility of having repeat course conducted in January,2018 at Kolkata?

      Reply
  8. V Kameswara Rao says:

    Sir:

    We are disappointed in not finding Hyderabad as a center for GST Certification Course.

    Would it be possible to include Hyderabad in the next batch of training, please?

    Thanks and With Regards,

    V K Rao

      Reply
  10. M S Sudharani says:

    Sir, I am interested in GST Course at Bangalore location. Please share venue and fees details for further enrollment. I am planning to attend in January 2018.

      Reply
  11. M S Sudharani says:

    Sir,

    I am interested in GST Course at Bangalore location. Please share venue and fee details for further enrollment. I am planing to attend course in January 2018.

      Reply
  15. JITENDRA SONGARA says:

    sir, I am interested in GST Course at jaipur and jodhpur location , please give me your program details & date in Rajasthan.

      Reply
  16. ADV. HARISH SHEKHAR says:

    Sir I am also interested to understand the GST laws and its implementation, so please plan to conduct a such a course in our near by area. Can an Advocate i join this course or not? Kindly inform us, thanking you.

      Reply
  17. SUDIP DUTTA says:

    Sir, I am very much interested to join the course at Kolkata region, please provide me the date, place, time of the course as well as the procedure of payment of the course fee.

      Reply
  20. J.P. GUPTA, FCMA says:

    Is there any plan to conduct training in GST in NAGPUR. Nagpur is central location for India.
    I am interested to join the program

    CMA JP GUPTA

      Reply
  21. AMARJEET SINGH says:

    Are you conducting it in Guwahati?
    I am sure there would be quite a number looking forward to join such course in Guwahati.
    Please mail if you have it in mind to conduct it in near future.

      Reply
  24. DILIP NARALKAR says:

    Hello , I am interested in GST course which is going to be conducted in Mumbai on 29th & 30th April. How to enrol for the same online & what is the Fee?

      Reply
  25. DILIP NARALKAR says:

    Hello , I am interested in GST course which is going to be conducted in delhi on 29th & 30th April. How to enrol for the same online & what is the Fee? –

      Reply
  33. SUDIPTA SEN says:

    Sir, I am interest to join your class, please inform me the Course Fees , Time, and when the class starts. Mobile – 9732048392

      Reply
  34. Maheswar RUPINI says:

    Dear sir..I need to GST training partner.I am a company Director own my company.The title of LAHAR ACADEMY OF INFORMATION TECHNOLOGY PVT LTD.

      Reply
  37. MASANAPPA says:

    Sir,
    Such training course is welcome as such courses are needed to many people. Is it possible to learn through ON LINE? Is it possible to conduct this course even at Hubli-Dharwad in Karnataka.? Please reply Sir.

      Reply
  38. MASANAPPA says:

    From: M.S. Hede, Adv.
    Sir,
    ThanQ for introducing such course. It would be better to run course also to so as to reach the benefit of such course to the interested persons on ONLINE? Or do you start the course training even at least at HUBLI-DHARWAD in Karnataka? I want to know the required qualification to have this course.

      Reply
  40. SANDEEP KUMAR BAJAJ says:

    I am very much interested to join the course in jhakhand. Please send your venue & fees details for jharkhad location.I AM A CHIEF MGR FIANACE & ACCOUNTS IN A PVT LTD COMPANY WITH B.COM QUALIFICATION . eXPERIENCE OF WORKING IS 20 YRS.

      Reply
  42. Chetan khandal says:

    I’m intersted in the course, but i can’t attand other than jaipur, so if u whenever start in jaipur please inform to me in my mail id ”chetankhandal01@gmail.com”.
    thanks

      Reply
  43. Sudhakar says:

    Good Evening sir,
    I’m a Accounts Professional & very much interested to join this course. When it is conduct in Vizag, Andhra Pradesh.

      Reply
  45. T.BALASUBRAMANIAN says:

    i am much interest in that course for professional touch and am at Namakkal, Tamilnadu. kindly inform the programme very near city like trichy,salem,erode,Madurai or chennai. This needs appreciates me to take care more efficiently.

      Reply
  48. ASHOK KUMAR KANUNGA says:

    I am interested in joining the course of GST in BANGALORE. Please inform me about venue & time. Also share the fees for attending this course and how to register for the same? CALL ME 080-22255531// 42154492

      Reply
  51. 9021308004 / 9807199599 says:

    Hi
    I am interested to attend the certification course at Mumbai. Please let me know the fees, venue and timing.

    Rgrds
    Arupes Ghosh

      Reply
  52. Priyanka Gade says:

    Hello,
    I am interested in joining the course of GST in Mumbai. Please inform me about venue & time. Also share the fees for attending this course and how to register for the same?

      Reply
  55. M.RAMANATHAN says:

    I am interested in joining the GST course in Madurai or Coimbatore in Tamilnadu. Please inform me the details and the procedure to join the course.

      Reply
  62. KANTIKUMAR SONI says:

    The GST course should also be conducted in Ahmedabad since it is manufacturing hub of middle as well as large sized industries.

      Reply
  66. Rajan Damodaran Pillai says:

    I am very happy to hear the class.Since i am from cochin,i would love to know whether you are going to conduct classes there at cochin?

      Reply
  67. Shreepad B Devale says:

    I am interested in course at Mumbai and will be schedule and which place in Mumbai. How to enroll for the same online & what is the Fee? –

      Reply
  78. Kkrishna says:

    Good programme, even in small cities like Vijayawada, eluru, rajamundry etc., they should conduct, fee details, and this programme is useful for getting sales tax practitioner certificate

      Reply
  81. S.Sankarasubramanian, advocate, says:

    Kindly state whether there will be a seminar at Madurai or Chennai.

    S.Sankarasubramanian, advocate,
    Madras High Court, Madurai Bench,
    Madurai.

      Reply
  87. Manoj K Mamgain says:

    Dear Sir,
    I want to Join at Haridwar is there any batch from Haridwar & how much fee for GST Course??

    please mail the details

      Reply
  88. Vardharajan Aiyangar says:

    I am interested to attend the GST course in Mumbai on 29th and 30th April 2017. Kindly let me know how to register?

      Reply
  95. Deepak Bansal says:

    Hello , I am interested in GST course which is going to be conducted in delhi on 8th 9th April.
    How to enrol for the same online & what is the Fee?

      Reply
  104. Nilesh Sonawane says:

    Sir,

    Kindly Mention the Fees…

    How Much we pay for the same ????

    Is there any concession for students ( CA/ICWA/ LLB appeared )

    BEST Wishesh for Seminar ******

      Reply
  107. MOHD. MUZAFAR says:

    I would like to participate for GST at Hyderabad on 13 & 14 May.

    Kindly provide the Registration.

    Thanking You.

    Mohd. Muzafar
    Orbit Equipments Pvt. Ltd.,
    Mobile:9396537177

      Reply
  110. Badrappa says:

    I am keen to undergo a training on GST and how to implement in accounts. Given an opportunity, will be able to know GST it’d s concepts and implementation

    With thanks,
    badrappa

      Reply
  116. khushbu says:

    Hello , I am interested in GST course which is going to be conducted but is there any batch for ahmedabad branch ? can INTER CA attend the same ?!?

      Reply
    1. Shashikant Raythaththa says:

      Hello sir, I may be interest in GST course in Rajkot or Ahmedabad (Gujarat) please give your program date in gujarat.

        Reply
Cancel reply

Leave a Comment to arun saxena

Your email address will not be published. Required fields are marked *

Latest Posts

  1. Analysis of restriction of 20% Input Tax Credit under GST
  2. PPT on Subsidy & Incentive for Manufacturing units in Gujarat & Maharashtra
  3. Ind AS 116 – Leases- Brief Analysis
  4. Sale of Capital Goods- GST Implication
  5. New Provision in Handbook of Procedure 2015-20 of cases referred to NCLT
  6. New Provision in FTP 2015-20 of cases referred to NCLT
  7. Resignation of statutory auditors from listed entities and their material subsidiaries
  8. Income Tax Department conducts Search on wellness group
  9. Companies (Incorporation) Eighth Amendment Rules, 2019
  10. Companies (cost records and audit) Amendment Rules, 2019
View All Latest Posts

Popular Posts

  1. Rates of Depreciation as Per Income Tax Act,1961
  2. Rates of depreciation as per companies act 2013
  3. Tax Benefits Available to Senior Citizens
  4. Various Threshold Limits under Income Tax Act [AY 2019-20]
  5. Gold & Silver rates from 01.04.1981 to 31.03.2019
  6. Empanelment of CA Firms with PNB for Concurrent Audit
  7. Join Online Income Tax Certification Course by TaxGuru Edu
  8. Join 1 day workshop on GST Audit & Annual Return (Limited Seats)
  9. Income Tax Rates for AY 2020-21 / FY 2019-20
  10. How to Track GST Refund Status- Procedure and FAQs
View All Popular Posts

Featured Posts

  1. Empanelment of CA Firms with PNB for Concurrent Audit
  2. Join 1 day workshop on GST Audit & Annual Return (Limited Seats)
  3. Join Online Income Tax Certification Course by TaxGuru Edu
  4. Restriction on availment of ITC not appearing in GSTR-2A
  5. Rates of depreciation as per companies act 2013
  6. Income Tax Rates for AY 2020-21 / FY 2019-20
  7. Tax Benefits Available to Senior Citizens
  8. ITC: Mandatory reconciliation to GSTR-2A?
  9. ​International Business- Income Tax Sections to be remembered
  10. Limitation / Compliance periods Under Income Tax Act,1961
View All Featured Posts