After the GST and income tax, the Modi government is going to make big changes to... Taxpayers will now...

New Delhi: The central government, led by Prime Minister Narendra Modi, is getting ready to make big changes to the Indian tax system. This is great news for the country. The government is going to make the customs system more open and easier to follow as part of a big change that comes after GST reforms in the country. In a recent announcement, Finance Minister Nirmala Sitharaman said that customs needs a complete overhaul so that people and businesses don't find it boring anymore. Here is everything you need to know about what Finance Minister Nirmala Sitharaman has said about changing customs.

What did Sitharaman say about the new changes?

In a recent big announcement, the government said that the successful changes made to the income tax system, such as making it more open, faceless assessments, and better administration, must now be applied to customs as well. She said that the goal is to use technology to cut down on government intervention, speed up the clearance of goods, and get rid of randomness.

After the GST changes, what comes next?

The central government made changes this fiscal year, like lowering rates and making the income tax and Goods and Services Tax (GST) easier to understand, in order to encourage people to spend more money.

"We need to completely change customs... We need to make customs easier so that people don't think it's too hard to follow them. Sitharaman said at the HT Leadership Summit here that "it needs to be more clear."

She said that the benefits of income tax need to be brought to customs in terms of openness. She also said that the proposed changes will be broad and will include making customs duty rates more fair. The next Budget, which will probably be released on February 1, could include announcements to this effect.