NEW DELHI: The Government can lower tax rates if people pay their dues sincerely, Union Power Minister Piyush Goyal said today.
“We can lower tax rates of GST, income tax and others if everybody pays taxes,” Goyal said while addressing businesses at the ‘EY Entrepreneur of the Year Awards’ here.
On the demand of businesses to lower tax rates, he said industry chambers ask for zero or five per cent tax the proposed GST regime.
“I wonder what revenue neutral rate it would be, if we will put every thing in zero or low rates. Do we have to make profit at the cost of the nation?,” the minister said.
Goyal also appealed to the charter accountants to suggest their clients to pay their taxes.
Talking about the wind power tariff touching an all-time low of Rs 3.46 per unit without sops like accelerated depreciation, generation-based incentives and tax holidays, he said this auction was just for 1,000 MW and many more will come. (AGENCIES)