Government can reduce slab in GST, Jaitley's sign

Government can reduce slab in GST, Jaitley's sign

Faradabad: Finance Minister Arun Jaitley has indicated that GST has slab minimization scam. Jaitley said that once the revenue is increased, this step can be raised. Goods and service tax (GST) has been implemented from July 1, 2017 across the country. Currently there are four slabs in GST. The rate ranges from 0 to 28 percent.Finance Minister Jaitley said at an event here on Sunday that we have a place for improvement. If there is talk of small taxpayers, there is a need for improvement to reduce the burden of compulsions.Jaitley said that once we are Revenue Neutral, we should consider reducing big reforms such as slabs. However, for that we have to neutralize the revenue. Revenue neutral means that the regime is coming back to the government even after the tax law changes.These 8 difficulties are coming to traders to file a GST1 is showing website ID in Innvelid

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