Union Budget: The government should prioritize eliminating cess and surcharges in addition to broadening the tax base in industries with rapid growth.

Finance Ministry by the “Think Change Forum” (TCF) prior to the general budget. The government should think about raising tax compliance and lowering tax rates, according to the research center TCF.

The government must raise tax revenue in Budget.

According to a statement made by TCF, experts believe that in order to boost economic growth and fund developmental initiatives, the government must raise tax revenues. It was discovered that a significant barrier to attaining the desired collection was poor tax compliance. As a result, we are dealing with high taxes, a complicated tax system, and an increase in lawsuits.

“Enforcement authorities are working hard to check unlawful commerce, but tax evaders are one step ahead,” remarked P C Jha, a former chairman of the Central Board of Indirect Taxes and Customs (CBIC), at a brainstorming session sponsored by TCF.  He also emphasised the government’s use of cutting-edge instruments to uncover tax evasion.

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