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GST best example of cooperative federalism in world: Goyal

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Kolkata, July 9 (IANS) Union Finance Minister Piyush Goyal on Monday termed the Goods and Services Tax (GST) as the best example of cooperative and collaborative federalism in the world and claimed that the successful implementation of the new tax regime in the country shows India is ready for bigger reforms that would lead to long term benefits.

“GST is the best example of cooperative and collaborative federalism anywhere in the world. It shows that India is ready for bigger reforms. People of India understand what is necessary for their long term gains,” Goyal said during the ‘GST pe Charcha’ session with traders here.

“This is the biggest financial reform in the world considering India is such a huge country with more than 125 crore people, so many states ruled by different political parties, each of whom has a different point of view,” he said.

Terming implementation of GST a massive step towards simplifying the tax collection process in the country, the Minister said its full benefits are yet to be felt by manufacturers and traders.

“The complete benefits of GST are yet to be felt. Earlier there were 17 taxes and 23 kinds of cess. So there were 40 officers for collecting them. GST has brought an end to the ‘Officer-shahi’ (bureaucratic monopoly) . Now there is only one officer who does all the work…Even the GST returns are generated automatically. So it would provide the ease of doing business if someone is do working honestly,” he said.

Goyal said GST is the only act in the country that was formed by the unanimous decisions of the Centre and the state governments and hailed the common people for their active support and participation.

He said the threshold For GST Composition Scheme that is Rs 1 crore at present, would be shortly increased to Rs 1.5 crore for manufacturers and traders.

Referring to the questions of some of the traders here regarding delay in payments, Goyal said the Centre is putting pressure on centralised PSUs for timely payments.

Goyal who is also Minister for Railways, said he has asked the department to equip all the railway catering staff and ticket collectors with electronic billing machines so that people can instantly get bills for the services.

The minister also revealed that the income tax officers have been instructed not to go for high pitch assessments on the traders’ income without evidence.

“Any high pitch assessment would have to be backed by reasons, otherwise there would be case against the officer. I have also asked the Departments of GST, income tax, company law and excise to simplify the notices sent to people,” he added.

–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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