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Ideas of India 2.0: It has been many years since the implementation of the new indirect tax regime Goods and Services Tax (GST), but still the industry feels the scope for improvement. According to Chandra Prakash Agarwal, chairman of Gallant Group of Industries, there is a need to reform the GST system and reduce the number of slabs.
Failure to repair will result in damage
Chandra Prakash Agrawal, Chairman & Managing Director, Gallant Group Of Industries, speaking during the Building Tomorrow’s Economy session on the second day of ABP’s Ideas of India Summit on Saturday were staying He said that due to not making necessary reforms in the system, honest taxpayers will also be forced to evade taxes.
There is no system to redress complaints
According to Aggarwal, many improvements have been made in the matter of GST regarding compliance, but now there is a need to reduce the number of GST slabs to 03. Regarding the shortcomings of the GST system, he said, we are asked to refill the GST which we have already paid. The government is throwing the burden of its inefficiency in the matter of tax collection on us. There are no guidelines regarding this either. There should be a system for redressal of complaints in this regard. He said that those who are paying taxes honestly now, if they are asked to pay again, they will also be forced to steal from the system.
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Talk of development without infra is useless
Aggarwal gave his opinion without any hesitation on all the things happening regarding development. He said that all the talk about development without infrastructure is futile. He said, there is a need to improve the situation regarding the transportation of goods. The infrastructure should be improved. Why are there no Vande Bharat trains to transport goods?
5 trillion economy will be like this
Regarding making India a 5 trillion dollar economy in the coming time, Agarwal said that it is not possible without the industry. He said that the progress that India can make with agriculture is limited. Industry has to play an important role in making India a $5 trillion economy. The growth of the industry will improve the standard of living of the people.
This is the mantra to be successful
Giving the mantra to achieve success in life, the Chairman of Gallant Group said that there is no shortcut for it. It takes hard work and dedication to be successful. You have to become Arjuna for your goal. Challenges will come, but there is no need to be discouraged by them. There are many such people in the country, who started from the ground, but are touching the heights of the sky. As far as Gallant Group is concerned, I am happy with its success.
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