Single GST rate can't work at the moment - Arun
Jaitley
NEW DELHI: Finance
Minister Arun Jaitley on Tuesday said that a single rate
for Goods and Services Tax (GST) cannot work at the
moment, news agency PTI reported. He added that the GST
compliance is going to be made simpler.
Since the implementation
of GST, a lot of changes took place to improvise the
nation's biggest tax structure.
He also shared his views
on the recent banking frauds -- Punjab National Bank,
Bank of Baroda and Oriental Bank of Commerce. The
finance minister stated that "Banks have become cautious
due to some incidents in last few years as many of them
have been at the receiving end of their clients".
On the economic front,
Jaitley said that with policy changes accompanied by a
supportive global environment, the country has potential
to grow by more than 7-8 per cent.
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