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Demonetisation, GST encourage digitisation: FM
Economy

Demonetisation, GST encourage digitisation: FM

Agency News

Dharwad, Oct 5 : Finance Minister Nirmala Sitharaman on Saturday said demonetisation and GST encouraged digitisation which will alternately drive the country towards open and transparent economic system.

Addressing the gathering during the National Tax Practitioners’ Day event in Dharwad, the Finance Minister asked the tax practitioners to create awareness among the assessees to consider tax not as a burden but as a contribution to nation-building, for reaching basic needs to the poor and fight climate change.

Digitisation of economy, she pointed out, has made it possible to find the money trail on one side and also help avoid double taxation or overlapping taxations. She called upon taxpayers to contribute to the economic freedom of the country, energise the economy by the honest declaration of income and property. She stressed that wider and deeper the tax basket, less will be the tax burden on individuals, she said.(UNI)