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Demonetisation, GST to fetch more revenues to govt: Jaitley

Goods and Services Tax - GST - Dated:- 27-1-2017 - Visakhapatnam, Jan 27 (PTI) Finance Minister Arun Jaitley on Friday put up a spirited defence of demonetisation, saying the drive shook the financial system for a short while, but will integrate the .....

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inal stages of implementation. This (demonetisation), coupled with GST, in the days to come will ensure much larger revenues as far as states and the central government are concerned and expand the size as far as the formal economy is concerned, Jait .....

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er. It also becomes very unfair on the normal taxpayer because what the evader manages to evade is what the compliant has to pay more, Jaitley said. The government, therefore, decided to demonetise the high denomination currency, which shook the syst .....

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