Piyush Goyal urges power sector to pay taxes honestly

Power Minister Piyush Goyal has urged the power industry to pay taxes honestly so that any increase in tax burden if noticed, could be addressed.

The Minister also stated that the power sector is prepared for Goods and Services Tax (GST) rollout from July 1.

“I have asked the industry to pay taxes honestly. It is the dishonest who harm the honest and the nation,” the minister said.

Post the meeting with industry representatives, Goyal said that the GST system will offer data for comparison of industry’s tax payments in the six months prior to and after the introduction of GST, which will help in assessing whether tax burden has gone up due to the new tax regime. If data shows an increase in the tax burden, it could be brought to the notice of the GST Council.

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