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FM: To reduce tax slabs in case of GST, we have to become revenue neutral plus

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The Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley said that as far as GST is concerned, we have space for improvement eventually once we become revenue neutral to think in terms of bigger reforms such as lesser slabs, but for that we have to become revenue neutral plus. To ensure this, the Finance Minister said that we have to certainly ensure larger presence. He said that there are no grey areas in implementation of tax laws. The Finance Minister said that the taxes which are payable have to be paid and which are not payable, then the same are not to be paid. He asked the young officers that in case of doubt, move straight.

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First Published: Oct 03 2017 | 8:32 AM IST

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