Goa Chief Minister Manohar Parrikar on Monday said the GST is a simple tax system and will benefit consumers as it will lessen the cascading effect of the tax burden on goods. He, however, said the new tax regime might cause some confusion in the early phases of its implementation.
Mr. Parrikar said, “Today we are going through multiple taxations: excise, customs, luxury tax, entry tax, purchase tax, sales tax, VAT. With GST, they all converge into one. It’s very simple.”
He added, “There may be some confusion, some teething troubles as the entire system will be functioning online. But there is no need to worry as we will no one is treated harshly.” He also said that the State government has put in place robust mechanisms to ensure smooth migration to the new indirect tax regime, which will come into force from July 1.
The Chief Minister said there is a lack of adequate information about the new tax regime, but all details will be soon be available in public domain.
“It may take two to three months for people to understand GST. But the Goa government is ready to implement it,” he added.
