News Karnataka
Friday, March 01 2024

Bengaluru: State has ably managed GST tax system, says CM Bommai

Bommai, task force to catch tiger
Photo Credit : IANS

Bengaluru: Karnataka is a state which has ably managed the GST tax system, said Chief Minister Basavaraj Bommai.

The Chief Minister was speaking at a function to celebrate the GST Day and present the Chief Minister’s award organised by the Commercial Taxes Department.

“Karnataka is in the forefront in adapting to the change in tax regime. It has been made possible by the expertise of the officers and adoption of technology. GST was introduced after much deliberations with all the states for over 10 years by the then Union Finance Minister Arun Jaitley.

Seeking to maintain lesser number of tax slabs, we have decided to have three slabs and a special tax slab, added Bommai

Bommai said, “There are some principles for taxation. It should be purposeful, it should be affordable, it should be accountable and equitable. There will not be any problems in resource mobilisation if we follow these principles.”

Recalling his maiden budget after the Covid crisis, Bommai said how it succeeded in raising additional resources without imposing any additional tax burden by ensuring better compliance. “Within 6 months we exceeded the target by Rs. 15,000 Crore and about Rs. 7000 of that came from the GST,” he said and added it is equally important to show greater responsibility while spending the tax revenue as it is the hard earned money of the common man.

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