Implementation of GST will bring more transparency in taxation process: Arun Jaitley

  • Implementation of GST will bring more transparency in taxation process: Arun Jaitley
22-07-2017 | Pratidin Bureau. |

Finance Minister Arun Jaitley speaking at the Delhi Economics Conclave 2017 in New Delhi on Saturday said demonetization helped in curbing round tripping of corrupt and black money and demonetization will lead to greater digitization.

Arun Jaitley said that impact of digitization is visible in indirect and direct tax system.

“Implementation of GST will bring more transparency in taxation process,” he said adding “For 70 years, Indian democracy was funded by invisible money. But, now the government is working on tracking invisible economy.”

Union Minister of Finance said that Centre is committed to check flow of black money and also the leakages and recent decisions in economic sector will have a substantial impact on India's growth prospects.

Deputy Prime Minister of Singapore Tharman Shanmugaratnam was also present on the occasion.

Tags : GST Arun Jaitley Finance Minister Delhi Economics Conclave 2017


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