GST not disruptive, higher revenues to aid rate rationalisation: Jaitley

NEW DELHI: Union Minister Arun Jaitley today said rollout the Goods and Services Tax (GST) has not been disruptive in the last one year and exuded confidence that higher revenue collections would enhance the capacity of the Government to rationalise tax rates going forward.

Speaking on the occasion of the first anniversary of the GST rollout, the Minister stressed that the best in terms of the impact of new tax regime on the GDP growth, ease of doing business, expansion of trade and industry, Make in India initiative and promoting honest business practices was yet to come.

He also dismissed the idea of a single rate GST being advocated by Congress President Rahul Gandhi as “flawed” saying that it can only work in a country where the entire population has ‘similar and high’ capacity to spend.

Jaitley, who is recuperating from a kidney transplant, joined the ‘GST-Day’ celebrations through video conferencing. (AGENCIES)