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Reforms have resulted in record tax collection

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New NACIN campus inaugurated at Sri Sathya Sai District, AP

The Prime Minister, Mr Narendra Modi recently inaugurated the new campus of National Academy of Customs, Indirect Taxes & Narcotics (NACIN) at Palasamudram, Sri Sathya Sai District in Andhra Pradesh.

Addressing the gathering, the Prime Minister congratulated everyone for the inauguration of the National Academy of Customs, Indirect Taxes & Narcotics at Palasamudram and talked about the tax reforms in the last 10 years. 

Quoting Ramcharit Manas, the Prime Minister highlighted the welfare aspect of taxation and every paisa of tax received from people would go into the welfare of the people to stimulate prosperity. 

 “We gave the country a modern system in the form of GST and simplified income tax and introduced faceless assessment. 

All these reforms have resulted in record tax collection”, the Prime Minister said. ‘We are returning people’s money through various schemes’, he added. 

He informed that the IT exemption limit was raised from the income of  2 lakh to 7 lakh rupees. Tax reforms after 2014 have resulted in tax savings of about 2.5 lakh crore rupees for the citizens. 

He said that the number of taxpayers is consistently increasing in the country as they feel happy that their tax money is put to good use. “Whatever we took from people, we returned it to people and this is good governance and the message of Ram Rajya”, said the prime minister. 

Thanking the Prime Minister for a World Class Institute and a World Class Academy, Chief Minister of Andhra Pradesh, Mr Y.S. Jagan Mohan Reddy, in his address on the occasion, said, “It is indeed a privilege to participate in the inaugural event of the 2nd NACIN Academy. 

It is a preeminent institution that enables comprehensive training and capacity building in the fields of customs, indirect taxes, and narcotics control. For officers representing various entities such as CBIC, Narcotics Control Bureau and so forth.”

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