Niti Aayog on Friday proposed a transformative approach to India's tax system, emphasizing trust-based governance. In its working paper titled 'Towards India's Tax Transformation: Decriminalisation and Trust-Based Governance', the policy think tank highlighted the need for voluntary compliance and transparency.
The paper suggests overhauling the tax framework to align with the Viksit Bharat@2047 vision, which emphasizes growth, inclusion, and trust. Key recommendations include decriminalizing minor procedural offences and limiting imprisonment to cases of fraud, urging a shift towards a citizen-centric system to enhance the ease of doing business.
Niti Aayog CEO BVR Subrahmanyam explained the necessity of moving from enforcement-driven compliance to trust-based governance, prioritizing p