India has Moved from Tax-Terrorism to Tax-Transparency: Prime Minister

Published By : Admin | November 11, 2020 | 17:00 IST
Stress on dignity of honest taxpayer is the biggest reform
Inaugurates Office-cum-Residential Complex of Cuttack Bench of Income Tax Appellate Tribunal

Prime Minister Shri Narendra Modi inaugurated Office-cum-Residential Complex of Cuttack Bench of Income Tax Appellate Tribunal through video conference today. Speaking on the occasion, the Prime Minister said this bench would now provide modern facilities not only to Odisha, but to millions of taxpayers of Eastern and North Eastern India and help in disposing off all the pending cases in this region.

The Prime Minister said today, the country is moving from Tax Terrorism to Tax Transparency. He added that this change has come due to the approach of Reform, Perform and Transform. He said rules and procedures are being reformed with the help of technology. He said “We are performing with clear intentions and at the same time transforming the mindset of the tax administration.”

The Prime Minister said when the difficulties of the country's wealth creator are reduced, they get protection, then their trust grows in the country's systems. He added the result of this growing trust is that more and more partners are coming forward to join the tax system for the development of the country. The Prime Minister remarked that along with the reduction of tax and simplicity in the process, the biggest reforms that have been done are related to the dignity of honest taxpayers, to protect them from trouble.

The Prime Minister said the thought process in the government is to trust the income tax return completely at first after being filed. As a result of this, 99.75 percent of the returns filed in the country today are accepted without any objection. He said it is a big change in the country's tax system.

Shri Modi said the long period of slavery had made the relationship between tax payer and the tax collector that of exploited and exploiters. Quoting Goswami Tulsidas “बरसत हरसत सब लखें, करसत लखे न कोय तुलसी प्रजा सुभाग से, भूप भानु सो होय” meaning when clouds rain, the benefit is visible to all of us; but when clouds are formed, the sun absorbs the water but does not cause inconvenience to anyone, the Prime Minister said governance should not cause inconvenience when collecting tax from the common people; but when that money reaches the citizens, then people should feel its benefits in their lives. He said over the years, the government has moved ahead with this vision and today's taxpayer is witnessing huge changes and transparency in the entire tax system. He said when the taxpayer does not have to wait months for a refund and gets a refund within a few weeks, then he feels transparency. When he sees that the department has resolved the age-old dispute on its own, then he feels transparency. When he enjoys faceless appeal, then he feels tax transparency. When he sees that income tax is continuously decreasing, then he feels more tax transparency.

The Prime Minister attributed zero tax on income up to Rs 5 lakh in the country as a huge benefit being given to our youth of lower middle class today. He added that the new option of income tax given in the budget this year, has simplified the lives of the taxpayer. He said to speed up the pace of development and make India more investment friendly a historic cut has been made in corporate tax. He said the tax rate for new domestic manufacturing companies has been set at 15 percent for the country to become self-sufficient in manufacturing. He added Dividend Distribution Tax has also been scrapped to increase investment in India's equity market. GST has also reduced the tax net and the tax rate in most goods and services has also come down. He said ease of doing business has improved in the country as a result of reducing the burden of disputes by increasing the limit of appeal from Rs 3 lakh to Rs 50 lakh in ITAT and to Rs 2 crore in Supreme Court.

The Prime Minister expressed satisfaction that the IT Appellate Tribunal is also upgrading its Benches across the country for Virtual Hearing and said it is very important to upgrade the entire system in the era of technology. He stressed that more and more use of technology especially in our judiciary has started giving new convenience to the citizens of the country.

 

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Theme of meeting : Inclusive Human Development for Viksit Bharat@2047

Prime Minister Shri Narendra Modi chaired the 11th Governing Council Meeting of NITI Aayog at Rashtrapati Bhavan Cultural Centre, New Delhi, earlier today. This year’s theme was Inclusive Human Development for Viksit Bharat@2047. It was attended by Chief Ministers, Lt. Governors and Administrators representing 28 States and 5 UTs. This was the first time when Chief Ministers of all 28 States participated in the Governing Council Meeting of NITI Aayog.

Prime Minister noted that at a time when many major economies are facing uncertainty and economic challenges, India’s growth story continues to inspire the world. He emphasized the need to further strengthen the nation’s resolve towards self-reliance and highlighted the importance of adopting and implementing global best practices, particularly in the renewable energy sector.

Underscoring the importance of cooperative federalism, Prime Minister stated that the Centre and the States must work together to achieve the goal of a Viksit Bharat. He stressed that the vision of Viksit Bharat should become the collective resolve of every State, district, block and village.

Highlighting the strength of India’s demographic profile, Prime Minister observed that the country’s youth constitute its greatest asset, with nearly 70 crore Indians below the age of 25 years. Calling this a demographic dividend, he urged States to focus on transforming it into a development dividend through education, skilling and capacity-building initiatives that prepare young people for future opportunities and challenges.

Referring to India’s recently concluded trade agreements with several countries, Prime Minister encouraged States to create opportunities for youth and MSMEs and to equip stakeholders to effectively leverage the benefits arising from these agreements. He also urged States to actively attract investments from partner countries.

Emphasizing women-led development, Prime Minister called upon States to work towards increasing the number of Lakhpati Didis from 3 crore to 6 crore and stressed the importance of ensuring a safe and secure environment for Nari Shakti.

Prime Minister urged States to focus on One District One Product (ODOP) initiatives and develop export-oriented strategies around it. He also identified defence manufacturing as an emerging sector where India is establishing a distinct identity and encouraged States to formulate policies to leverage the opportunities arising from its growth.

Prime Minister highlighted the need for coordinated efforts to address emerging social challenges such as drug abuse and cyber fraud through preventive measures, awareness campaigns and effective governance.

Prime Minister also drew attention to concerns arising from El Niño conditions and appealed to States to promote water conservation and encourage natural and organic farming practices. He noted that the purchase of 11 lakh tonnes of organic manure by farmers during the current Kharif season reflected growing confidence in sustainable agriculture.

Prime Minister emphasized the need to evaluate progress at the district level, particularly through aspirational district parameters. Prime Minister suggested that on similar lines, 100 districts should be identified in the field of agriculture to bring positive results. He urged the States to take lead in this pursuit so that a phenomenal change can be achieved through the aspirational approach.

Prime Minister emphasised the need for a monitoring framework and targeted 100-day and five-year goals towards achieving the vision of Viksit Bharat@2047.

Highlighting the importance of good governance, transparency, and infrastructure for attracting investment, he urged States to focus on branding, ease of doing business, and emerging opportunities in sectors such as data centres and artificial intelligence. He emphasized that AI should be viewed as an opportunity and called for greater efforts to equip people with the skills required for the future economy.

The Chief Ministers/Lt. Governors/Administrators congratulated Prime Minister Modi on completing 12 years in his office. They also expressed solidarity with the Centre to withstand the global geo-political crisis and to strengthen India’s resilience with respect to energy requirements, and sustain its growth trajectory.

Prime Minister noted that the discussions were constructive and reflected the aspirations, hopes, experiences, best practices, and challenges of the States. Prime Minister expressed his gratitude to all the CMs, LGs and Administrators for participating in the meeting and expressed confidence that Together, through cooperation, innovation, and a shared commitment to development, India can accelerate its journey towards a Viksit Bharat by 2047.