Sunday 23 July 2017

Finance Minister Arun Jaitley on GST and Demonetization


The Finance Minister said, the country had reconciled to a Indian normal -- a very large number of tax non-compliance and very large amount of transaction which took place outside the system.
Jaitley said the first significant step taken by the government, which shook the system, was penal action against those who stashed money abroad. He said, one easy format of subversion has always been shell companies, which are created by multi-layering of companies.

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