Scope for reducing GST slabs once we become revenue neutral: Arun Jaitley

"We have space for improvement, eventually once we become revenue neutral, to think in terms of bigger reforms such as lesser slabs, but for that we have to become revenue neutral...," he added.

Scope for reducing GST slabs once we become revenue neutral: Arun Jaitley
Finance Minister Arun Jaitley addresses a press conference after a cabinet meeting chaired by Prime Minister Narendra Modi, in New Delhi on Sept 20, 2017. Photo: IANS
Written By: PTI
Updated: Sun, Oct 01, 2017
01:36 pm
Faridabad, PTI
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Key highlights:
  • Finance Minister Arun Jaitley on Sunday hinted that there is scope for lesser slabs under GST
  • This he said can be done once there is revenue buoyancy
  • We have space for improvement and need for improvement to reduce compliance burden as far as small taxpayers are concerned, he said

Finance Minister Arun Jaitley on Sunday hinted that there is scope for lesser slabs under the Goods and Services Tax (GST) once there is revenue buoyancy.

"We have almost by the day, space and scope for improvement. We have space for improvement and need for improvement to reduce compliance burden as far as small taxpayers are concerned," he said at an event here.

"We have space for improvement, eventually once we become revenue neutral, to think in terms of bigger reforms such as lesser slabs, but for that we have to become revenue neutral...," he added.

Currently, GST has four slabs, with rates ranging from 0 to 28%.

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