NEW DELHI: A day after rolling out Goods and Service Tax (GST) from the historical Central Hall of Parliament, Prime Minister Narendra Modi on Saturday asserted that the new taxation system was a "Good and Simple Tax and will mark a new beginning for the Indian economy."
Addressing a huge gathering at the Indira Gandhi Indoor Stadium on occasion of Foundation Day of the Institute of Chartered Accountants of India, PM Modi urged Chartered Accountants to play a crucial role in the implementation of GST.
"Just like doctors don't want people to be ill to get more business, chartered accountants too need to safeguard society's economic health," the prime minister said.
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He also said that Chartered Accountants have a big responsibility to ensure that society's economic health remains good.
"Blackmoney holders will now face more difficulties when Switzerland start realtime information exchange with India in 2 years," he said, adding that impact of "our steps to check black money is clear from the latest figures of Swiss bank, where Indians' money has dipped to a record low."
The Prime Minister also appealed CAs to "warn them (blackmoney holders) that they would not be spared."
Read this story in Bengali
Speaking on demonetisation, PM Modi said that government was committed to clean the country - of filth with Swachh India and blackmoney with noteban.
Addressing a huge gathering at the Indira Gandhi Indoor Stadium on occasion of Foundation Day of the Institute of Chartered Accountants of India, PM Modi urged Chartered Accountants to play a crucial role in the implementation of GST.
"Just like doctors don't want people to be ill to get more business, chartered accountants too need to safeguard society's economic health," the prime minister said.
Read this story in Gujarati
He also said that Chartered Accountants have a big responsibility to ensure that society's economic health remains good.
"Blackmoney holders will now face more difficulties when Switzerland start realtime information exchange with India in 2 years," he said, adding that impact of "our steps to check black money is clear from the latest figures of Swiss bank, where Indians' money has dipped to a record low."
The Prime Minister also appealed CAs to "warn them (blackmoney holders) that they would not be spared."
Read this story in Bengali
Speaking on demonetisation, PM Modi said that government was committed to clean the country - of filth with Swachh India and blackmoney with noteban.
"Data mining to track the blackmoney began on November 8, when demonetisation was announced. We haven't made this data public or questioned anyone yet. But we found as many as 3 lakh registered companies whose activities came under suspicion," he said, adding that the government had identified 37,000 shell companies.
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