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Budget 2019: Idea of taxation is to ultimately benefit the common man, says CBIC Chairman

Updated : February 01, 2019 06:13 PM IST

In an interview to CNBC-TV18, Sushil Chandra, Chairman of CBDT and PK Das, Chairman of CBIC, shared their views and readings on the interim budget 2019.

On GST collections, Das said, “Next year as well we have been given a target of Rs 6,03,000. So that is almost 30 percent growth. Though we are right now growing as much, but keeping in view the fact that taxes have been rationalised, to keep in view that the tax base is increasing and people are also complying with more and more number of people coming forward, government is keen that we achieve the target and we are also moving in that direction. This month target that we have achieved, Rs 1 lakh crore, is in right direction and we hope to achieve the same trend."

“The idea of entire taxation is to ensure that it ultimately benefits the common man; it is not revenue per se that is important. What ultimately is the end result – if at the end of the road we benefit the consumers, and that is exactly what we have done by giving away Rs 80,000 crore tax benefit. That is what the government’s intention is. Once it stabilises as it has now, I am sure that in time to come we will have more compliant number of people coming up and paying taxes,” he added.

Chandra said that the government is absolutely committed to help the startups. “Again there has been some apprehension on the minds of the startups so we are going to have a meeting on February 4th in which all the grievances or the concerns of the startups will be examined and if needed further clarification will definitely come. We want to support the startups absolutely," he said.
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