All tax notices to be issued from centralised system: FM

Finance Minister Nirmala Sitharaman on Friday addressed a press conference explaining the state of economy of the country. Speaking at the National Media Centre in the National Capital amid liquidity crunch in the financial sector and weak private investment in the country, Sitharaman said that the slowdown in economy is widely visible in all advanced countries and not just in developing countries. "Just to give you briefly a picture of what is happening globally. The current projected global gross domestic product (GDP) growth is of about 3.2 per cent and probably is going to be even revised downwards," she said. Further speaking on tax reforms which will end the harassment of taxpayers, the Finance Minister said that all tax notices to be issued from centralised system.