# Business

More reforms after GST reaches revenue neutral status: Jaitley

Finance Minister Arun Jaitley on Sunday said that “bigger economic reforms” can be thought of after the newly implemented Goods…

IANS | Faridabad | October 1, 2017 12:27 pm

More reforms after GST reaches revenue neutral status: Jaitley

Finance Minister Arun Jaitley on Sunday said that “bigger economic reforms” can be thought of after the newly implemented Goods and Services Tax (GST) regime reaches a revenue neutral status.

Jaitley made the remarks at the “Foundation Day” event of the National Academy of Customs, Indirect Taxes and Narcotics (NACIN).

“Even reduction of tax slabs under the current GST regime can happen but only after it reaches a revenue neutral plus status,” he added.

# Bengal

Rising trend in SER’s freight loading, earnings

The South Eastern Railway has loaded 122.14 million tonnes of originating freight in the first 7 months between April and October of the current financial year which is 2.41 per cent higher than the corresponding period of the previous financial year.

# Business

GST collections see 8.9 pc YoY growth at Rs 1.87 lakh crore in October

It is the eighth consecutive month when GST collections stayed above the Rs 1.7 lakh crore mark.

# India

GST raids in jewellery making units in Thrissur ,104 kg unaccounted gold seized

The officials from the Kerala Goods and Services Tax (GST) department have seized 104 kg of unaccounted gold valued at around Rs 75 crore in massive raids across gold jewellery-manufacturing units, wholesale outlets and residences in Thrissur district. The raids began on Wednesday and concluded on this morning.