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Demonetisation GST to create cleaner economy

Goods and Services Tax - GST - Dated:- 2-12-2016 - New Delhi, Dec 2 (PTI) Finance Minister Arun Jaitley today said demonetisation may impact growth for a quarter or so but this disruption will not last too long and the move along with GST will help create a larger and cleaner economy. I have least doubt in my mind that (one year from now) you will have a bigger economy, higher GDP, cleaner GDP. You will have a higher tax base and more money in banks, and probably interest rates will be more reas .....

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enditures, you will have a taxation system far more efficient, which is extremely difficult to evade, where each limb of the transaction is being captured, he said. As far as the negative impact of demonetisation is concerned, Jaitley said, When you switch over, it creates disruption. I don't see disruption lasting too long. You may see the impact for a quarter or so. Then when you look at next 12-15 quarters, it's certainly going to benefit. Citing a few economic trends post demonetisat .....

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