Union Minister Smriti Irani while addressing traders and businessmen at 'GST - a Tool for Inclusive Growth' event in Ahmedabad on Saturday encouraged them to accept the new tax policy. No one will be harassed under the Goods and Services Tax (GST), she said.
“There will be no punishment for being honest… If government agencies or officers ask about past transactions or harasses anyone, direct action will be taken against them,” Irani said.
Taking a step further, Irani termed the GST as ‘Great Step towards Transparency’. “The beauty of GST is that it is a destination tax and it gives money back through tax credit,” she further added.
Talking about the previous transactions and if there will be punishment for the faulty ones, Irani said, "Past transactions won't be checked under this system. There will be no punishment for being honest. If government agencies or officers ask anyone about past transactions or harasses anyone, direct action will be taken against them."