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Tax base, digitization of economy expanding: Jaitley

IANS  |  Chennai 

Union Minister Jaitley on Sunday said the payer base, collections and digitization of the economy are expanding following a series of measures taken by the central led by Modi.

In his address at the 48th annual reader's meet of Tamil magazine 'Thuglak' here, Jaitley said the demonetisation of high value currencies was a difficult decision for the to take but added it was Modi only who had the "courage to take such a decision".

According to him, the central has taken anti-black money steps like demonetisation, introduction of Goods and Services (GST) and others and owing to these measures, the tax collections, tax payer base and digitization of the economy are expanding.

He said tax evaders have now understood that evasion cannot be done.

The Minister also said the honest tax payer are forced to pay higher taxes due to tax evaders, and once the tax payer base expands the tax rate can come down.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, January 14 2018. 22:06 IST
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