GST In Final Stages Of Implementation: Arun Jaitley At CII Summit

Finance Minister Arun Jaitley, speaking at Confederation of Indian Industry (CII) Summit in Visakhapatnam today (27 January), said that the Goods and Services Tax (GST) regime is in the final stages of implementation, adding that the move will lead to simplification of the taxation system and increase in government’s revenue.

Here are the highlights of his speech:

• Demonetisation, GST rollout to lead to increase in government’s revenue
• Demonetisation has increased integration of informal industry with formal.
• GST in final stages of implementation. Demonetisation one of the biggest moves that took place in India.
• Government increasing investments in rural India. GST passage allows India to come under one single market, increases transparency.
• Global economic future appears uncertain. Policy formulation environment in India more positive now.