Email This to Friend(s)

GST Day Live Updates: Centre Celebrates One-Year Of Tax-Reform
Jul 01, 2018 13:17 (IST)

"Total tax base itself has increased significantly. These are the changes taking place on account of GST implementation. As tax collection goes up, capacity to rationalize rates will increase. I have no doubt in mind that the total basket of taxes, last 4 years have shown 1.5% increase. I was in Singapore last year, and they asked me why we have multiple slabs. I said, you are a city state. We can't afford to tax food like you. Therefore we have to keep vulnerable out of the tax system," Arun Jaitley said.

Send this Story to:

(max. 10 recipients)

Separate multiple addresses with commas (,)

Your Name:

Add a personal message:

Maximum 500 chars