Finance Minister Highlights ICoAS Role in Efficient GST Implementation and Cost-Effective Government Projects.

The Minister of State for Finance and Corporate Affairs emphasized the importance of efficient resource management and the proactive role of the Indian Cost Accounts Service (ICoAS) in implementing the Goods and Services Tax (GST) and executing government projects. The minister highlighted the need for ICoAS officers in all government departments for cost-effective project execution and suggested conducting SWOT analyses for service growth. The Finance Secretary stressed fiscal consolidation by reducing subsidies and optimizing resource use. ICoAS officers are recognized for their expertise in costing, pricing, and financial management, aiding various ministries in complex cost-related issues and GST implementation.