FARIDABAD (HARYANA): Union Finance and Corporate Affairs Minister Arun Jaitley on Sunday acknowledged that as far as the newly implemented Goods and Services Tax was concerned, there was ”space for improvement”.
Eventually once India became revenue neutral to think in terms of bigger reforms such as lesser slabs, but for that it needed to become revenue neutral plus. To ensure this, the Finance Minister said ”we have to certainly ensure larger presence.”
Maintaining that there were no grey areas in implementation of tax laws, the Finance Minister said the ”taxes which are payable have to be paid and which are not payable, then the same are not to be paid.”
Mr Jaitley, who was delivering the valedictory address at the NACIN Founding Day and Passing-out ceremony of the 67th batch of IRS (C&CE) at NACIN here, told the officers that they would get the option of choosing the path of working with dignity, self-respect and honesty from the very beginning of their career. (AGENCIES)
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