Mumbai (Maharashtra) [India], July 5: Mumbai CGST & Central Excise Zone celebrated the sixth GST Day on 1st July, 2023. His excellency Hon’ble Governor of Maharashtra, Shri Ramesh Bais graced the event as the Chief Guest of the occasion. Officers and employees from Mumbai CGST & Central Excise Zone, officers of Mumbai Customs, and Maharashtra State GST, as effectively as taxpayers have been current.
Talking on the event, The Hon’ble Governor of Maharashtra, Shri Ramesh Bais expressed satisfaction and honor in celebrating the sixth anniversary of the Items and Providers Tax (GST) in India. He highlighted GST as a historic and revolutionary change within the nation’s oblique tax system. He emphasised the necessity for GST to beat the shortcomings of the previous tax system, which had a number of taxes and complexities. Additional, he praised GST for selling cooperative federalism and decreasing corruption and tax evasion. He additionally emphasised that the GST displays the values and aspirations of the nation and is a tax that powers the constructing of our New India. He famous that the GST Collections are buoyant and constant and said that the tax assortment by the Mumbai GST zone has crossed Rs. 87,500 crores, and that of Maharashtra State GST has crossed Rs. 41,462 crores in 2022-23. In conclusion, He referred to as for a dedication to creating GST extra environment friendly, efficient, and equitable.
The Principal Chief Commissioner (CGST & Central Excise), Mumbai Zone, Shri Pramod Kumar Agrawal expressed that the GST day is a method to have a good time the 3Cs, i.e., dedication to taxpayers, cooperative federalism, compliance discount. He emphasised that each one the 4 enterprise processes of GST, i.e. Registration, Return-filing, Fee, and Refund, have been fully digitised , in line with the Hon’ble Prime Minister’s imaginative and prescient of GST being a Good and Easy Tax. He additional talked about that the officers of the GST have fulfilled the rules of Reform, Remodel, and Carry out. He additionally knowledgeable concerning the success of the not too long ago held Grievance Redressal Committee Assembly by the Member, CBIC, the Chief Commissioner and the State GST Commissioner.
The Chief Commissioner (Retired), Dr. D. Okay. Srinivas expressed his gratitude in direction of the taxpayers for his or her help and cooperation. He said that the immense success of the GST within the final six years has proved all of the sceptics fallacious. He additional highlighted that the success of the GST is clear from the truth that numerous unbiased surveys have clearly proven that greater than 90% of taxpayers are glad with the GST regime.
The Principal Commissioner Shri U. Niranjan highlighted GST as a transformative tax reform that has simplified, unified, and modernized the nation’s oblique tax system. He emphasised the advantages of GST, together with widening of the tax base, creation of a standard nationwide market, and offering reduction to the poor and weak sections of society. He talked about how GST has facilitated the seamless motion of products and providers, diminished obstacles to commerce, and attracted home and international investments.
The Principal Commissioner Shri Nirmal Kumar Soren delivered the Vote of Thanks, expressing gratitude to the esteemed Chief Guest, Hon’ble Governor of Maharashtra Shri Ramesh Bais, for attending the occasion and sharing phrases of appreciation. He additionally thanked different distinguished friends together with officers and employees of the CBIC, representatives from the commerce, awardees, taxpayers, and the media fraternity, for the profitable conduct of the Sixth GST Day commemoration.
On the event, commendation certificates have been additionally offered by Hon’ble Governor to 10 officers of the Central GST who’ve contributed to the profitable implementation of the GST for his or her continued devotion and dedication to obligation. The occasion additionally concerned felicitation of main taxpayers from Mumbai Zone, which included Mahindra & Mahindra Ltd (Award acquired by Shri Ravi Poojary Head-Oblique Taxation), Bharat Petroleum Company Restricted (acquired by Shri G. Krishnakumar, CMD), Deposit Insurance coverage and Credit score Assure Company (acquired by Shri S Sathish Kumar, Normal Supervisor), Normal Insurance coverage Company of India (acquired by Shri Devesh Srivastava) within the GST class, and Hindustan Petroleum Company Restricted (acquired by Shri Avinash Dixit, CGM) and Oil and Pure Fuel Company (acquired by Director Finance, Ms. Pomila Jaspal) from the Central Excise class.
Two taxpayers, particularly, Ji Shoji India Pvt. Ltd. and Rajan Agro Inexperienced Meals pvt ltd additionally acquired commendation from the MSME class.
The event additionally witnessed expertise sharing by the representatives from commerce and business. The President, ASSOCHAM Maharashtra, Mr. Shantanu Bhadkamkar talked about how the transition to GST was clean compared to different international locations and the contribution to GDP was upto 1%, which was a major determine. The President, Maharashtra Chamber of Commerce, Mr. Lalit Gandhi counseled the proactive help supplied by the GST officers to the commerce and business. Mr Amit Dave from ICICI Financial institution emphasised how GST has resulted in true democratisation of credit score.
This story is launched by Satish Reddy from World News Network
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