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Transition To GST Fairly Smooth Despite Attempts To Derail It: Arun Jaitley

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Transition To GST Fairly Smooth Despite Attempts To Derail It: Arun Jaitley
Arun Jaitley, who is on a week-long visit to the US to attend the annual meetings of the International Monetary Fund and World Bank, said under the GST the government has unveiled attractive schemes to ensure that the non-compliant in India become compliant.

India's transition to the Goods and Services Tax regime has been "fairly smooth" despite attempts by "ill-informed" Opposition leaders to derail its implementation, Finance Minister Arun Jaitley has said.The Goods and Services Tax (GST) was implemented from July 1 this year. It brings the economy under a uniform tax regime.

Mr Jaitley, who is on a week-long visit to the US to attend the annual meetings of the International Monetary Fund and World Bank, said under the GST the government has unveiled attractive schemes to ensure that the non-compliant in India become compliant.
"Many attempts have been made by political groups to derail the GST, but I am glad that their own state governments are not listening to them because they know 80 per cent of the money is going to come to them so they don't have to appease an ill-informed central leader of the party and let the revenues of their own state suffer," Mr Jaitley told a New York audience.

 The Mint, New Delhi, 11th October 2017

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