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Ruling out a single rate GST, Chief Economic Advisor Arvind Subramanian today pitched for a&nbsp;three rate&nbsp;structure going forward as revenues stabilise. He said Goods and Services Tax is a "work in progress" and there is a need for further simplification of rates with fewer exemptions and simpler policies.

India can't have single rate GST, 3-slab structure possible: CEA

Chief Economic Adviser Arvind Subramanian said that one of the India's biggest challenges is how to get more and more people pay income taxes. "I think that is very critical and we are really falling short on that. Any direct tax system must encourage voluntary compliance to get more and more taxpayers in and this is something we should be focusing on," he said.

Income tax: CEA Arvind Subramanian reveals when direct tax reforms report is expected 

If oil prices rise it can affect growth next year, as it has&nbsp;direct&nbsp;bearing on GST growth and inflation

Growth rate will depend on range of factors: CEA Arvind Subramanian

India's Economic Survey 2016-17 has projected the country's real estate prices to fall further on account of the government's demonetisation announcement made on November 8, 2016.

Aim of demonetisation is to bring down real estate prices into the country, says CEA Arvind Subramanian

chief-economic-adviser-arvind-subramanian

Ruling out a single rate GST, Chief Economic Advisor Arvind Subramanian today pitched for a three rate structure going forward as revenues stabilise. He said Goods and Services Tax is a "work in progress" and there is a need for further simplification of rates with fewer exemptions and simpler policies.

Chief Economic Adviser Arvind Subramanian said that one of the India's biggest challenges is how to get more and more people pay income taxes. "I think that is very critical and we are really falling short on that. Any direct tax system must encourage voluntary compliance to get more and more taxpayers in and this is something we should be focusing on," he said.

If oil prices rise it can affect growth next year, as it has direct bearing on GST growth and inflation

India's Economic Survey 2016-17 has projected the country's real estate prices to fall further on account of the government's demonetisation announcement made on November 8, 2016.

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Chief Economic Adviser Arvind Subramanian

India can't have single rate GST, 3-slab structure possible: CEA

Income tax: CEA Arvind Subramanian reveals when direct tax reforms report is expected

Growth rate will depend on range of factors: CEA Arvind Subramanian

Aim of demonetisation is to bring down real estate prices into the country, says CEA Arvind Subramanian

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