Stable and Pre -Tax Policy Development: CEO of Niti Aayog

New -delhi, October 3 (IANS). BV R Subramaniam, CEO of Niti Aayog, released the first tax policy on Friday, saying that a stable, fixed and predetermined tax system is extremely important to increase investment, create employment and accelerate the economic growth of India. Subramanian said that uncertainty in tax laws discouraged businesses and investors. “Uncertainty is not good for investment. Uncertainty is not even good for citizens. He also said that the law gives rise to confusion, controversy and lawsuits by making a lot of meaning -a lot of meaning. It not only affects the businesses that already exist in India but also prevents new investors to arrive. It creates disputes and people disappear. Investors want certainty. “The new Tax Policy Working Group includes government departments, tax authorities and external experts. This group will prepare a detailed article on the simplification of tax laws, facilitate compliance and prepare the tax system of India. Subramaniam also highlighted the recent reforms such as GST 2.0. Work, to simplify the tax process. He said: “Most people follow the law and are ready to pay taxes. The problem occurs when the rules are unclear or complicated. By simplifying taxes, the compliance will be better.” Subramaniam described the report as “one step ahead” and said that if its recommendations are implemented, it will bring more certainty and confidence for both Indian enterprises and world investors. He said: “It is necessary for India to maintain rapid development and achieve the 2047 development goals.”