Business & Economy

Jaitley says GST slabs can be reduced only when it becomes revenue neutral plus

NetIndian News Network

New Delhi, October 1, 2017

Union Finance Minister Arun Jaitley today said that there was room for improvement in the Goods and Service Tax (GST) regime but there would be scope to think in terms of fewer slabs only when it became revenue neutral plus.
"To ensure this, we have to certainly ensure larger presence," he said while delivering the valedictory address at the NACIN Founding Day and Passing-out Ceremony of the 67th Batch of IRS (C&CE) at NACIN in Faridabad near here.
Mr. Jaitley said there are no grey areas in implementation of tax laws. Taxes which are payable have to be paid and which are not payable do not have to be paid, he said. 
He urged the officers to choose the path of working with dignity, self-respect and honesty from the very beginning of their careers. The peer group is the best to judge the performance of an officer, he said.
National Academy of Customs, Indirect Taxes and Narcotics (NACIN) celebrated its founding day today for the first time. It started as a Training School on this day in 1955.
On the occasion, the passing-out ceremony of Indian Revenue Service (C&CE) probationers of the 2015 batch was also held. The Finance Minister also inspected the passing-out parade and took the salute. Ms. Vanaja N. Sarna, Chairperson, CBEC, welcomed Mr. Jaitley on behalf of NACIN. 
The 2015 batch consisted of 147 officer trainees, including 32 women officers. 
Mr. Jaitley awarded medals to the five officer trainees who have excelled in different areas of training for their exceptional achievement. Young officer Farah Zachariah was awarded with the Finance Minister’s gold medal for being the overall best officer trainee. 
He also unveiled the NACIN Coffee Table Book and Year Book on the occasion. The Coffee Table Book traces the history of the academy as well as of the IRS. 
During the ceremony, international capacity building partners of NACIN such as WCO, UNEP, UNODC, ADB and others were also felicitated by the Finance Minister.