Mumbai, June 27: The Reserve Bank of India deputy governor Rakesh Mohan voiced concern about the reduction in the tax to GDP ratio in the country, blaming it on the inefficiencies of the tax collection system. He said that though Indians were developing software and managing back office processes of tax authorities of other countries, the same processes were not being implemented in India.
“We are becoming suppliers of software and back offices to the world. But in implementing here, we are very slow,” said Mohan.

Inaugurating the multi-banking scheme for the Central Excise Commissionerate in Mumbai, the deputy governor said, “We have to move to a system where we make the process less hateful.
We should make it easier for citizens to pay their taxes. Apart from the pain of paying taxes, the process of paying had become painful, he said. Bureau Report