1. Arun Jaitley: GST with flawed foundation could do more damage

Arun Jaitley: GST with flawed foundation could do more damage

Union Finance Minister Arun Jaitley on Tuesday said a Goods and Services Tax (GST) with a flawed foundation could do more damage than good.

By: | Published: November 25, 2015 10:48 AM

Union Finance Minister Arun Jaitley on Tuesday said a Goods and Services Tax (GST) with a flawed foundation could do more damage than good.

“We are reaching out to people, who are suggesting changes. We are willing to have discussions with them, and they too need to reconsider some changes they are suggesting,” he said in apparent reference to the opposition parties.

Speaking at the Associated Chambers of Commerce and Industry of India’s (ASSOCHAM) 95th Annual Event here, the Finance Minister noted that earlier, the management of economy was somewhat simpler because you had an occasional crisis in a decade or more, but today you live in a world which is full of turmoil and volatility.

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