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Finance minister Arun Jaitley says people seeking development must pay what's required to them

While Speaking At National Academy Of Customs Excise And Narcotics, Jaitley Said That Revenue Is The Lifeline Of The Economy And It Will Help India To Put From Developing Nation To Developed Countries.

News Nation Bureau | Edited By : Vikas Mehta | Updated on: 01 Oct 2017, 05:27:14 PM
Jaitley says people seeking development must pay what's required

New Delhi:

Union finance minister Arun Jaitley on Sunday said people who are seeking development of the nation need to pay what is required of them.

The finance minister also added that money should be “spent honestly.”

While speaking at National Academy of Customs Excise and Narcotics in Faridabad, Jaitley said that revenue is the lifeline of the economy and it will help India to put from developing nation to developed countries.

"In a society which did not conventionally mind being a non-tax complaint one, people are realising the virtues of compliance which comes with passage of time. This is the reason for tax integration. Once change is established, we will have scope and space for improvement. And once we become revenue neutral, we need to think of better reforms,"ANI quoted Jaitley as saying.

Also Read | Yashwant Sinha: Jaitley overlooked Advani's advice to refrain from personal attacks

He pitched on tax compilation, saying that the tax officials must act with firmness against those who are liable to pay but not put an unnecessary burden on people who do not fall into the bracket.

Also Read: Arun Jaitley strikes back at Yashwant Sinha, says he does not have the luxury to be a former minister-cum-columnist

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First Published : 01 Oct 2017, 04:11:33 PM