New GST regime at a fast pace, says Jaitley

Today, 99 per cent of tax queries are addressed online, he said

Washington, Oct 10 (PTI) Despite “attempts to derail” the recently introduced Goods and Services
Tax (GST), the states are adopting the new regime at a fast pace, Finance Minister Arun Jaitley has
said

Jaitley was responding to a question on the biggest challenges for GST during a conversation with
Dan Schulman, president and CEO of Paypal and Chandrajit Banerjee of the Confederation of Indian
Industry (CII)

 

 

 

 

 

At the event jointly organised by CII and US India Business Council (USIBC) in New York, Jaitley
said global integration of Indian economy is happening at a time when other economies are becoming
more protectionist

Asserting that India is now a better place to do business with because of the series of steps being
taken by the government in the last three years, Jaitley said procedures have been simplified

Now as much as 95 per cent of the investments are through automatic route, and foreign investment
promotion board has been abolished, he noted

Today, 99 per cent of tax queries are addressed online, he said

Now States are being ranked on ease of doing business, he told the audience here

India is now capable of taking big decisions and implementing them at a large-scale, the union
finance minister said

As many as 250 highways projects are under construction

India is now having surplus power and capacity of Indian ports have been expanded, he said