TIL Desk/Business/New Delhi/ Days after he GST collections picked up after falling for two straight months, Union Finance Minister Arun Jaitley on Saturday said the GST structure had stabilised, which offered an opportunity to further rationalise tax rates and increase the tax base.
Ahead of the Union Budget announcement on February 1, the Minister also hinted at some relief for taxpayers as he made a case for rationalisation of direct tax structure considering the fact that “the tax base has expanded”.
“The Goods and Services Tax (GST) has brought about total change in the tax structure of indirect taxes within the country,” Jaitley said at the Investiture Ceremony and International Customs Day 2018 here.
“Compared with what has happened across the world, it has stabilised in a much shorter period in India,” he said. Jaitley’s remarks come days after the central government announced that the GST collections had picked up after falling for two straight months and touched Rs 86,703 crore in December compared with Rs 80,808 crore in November.
