Direct and indirect tax reforms will continue to facilitate and expedite the process of ease of doing business: FM

New Delhi, Mar 6 (KNN) Direct and indirect tax reforms will continue to facilitate and expedite the process of ease of doing business in India, finance minister Arun Jaitley said.

He said that the government is committed to facilitate trade and industry in the country so that the momentum of the growth continues to move up.

He said this while interacting with a delegation of the Federation of Indian Chambers of Commerce & Industry.

He asked the Indian industry to comply with the recent recommendations of the GST Council with regard to reduction of rates of various items and pass on the benefits to consumers, the Finance Ministry said in a statement.

He said GST is now on track and fast settling down. The thrust of the government is to lower the tax rate, increase the tax base and keep revenue collections moving up.

The government is committed to keep this growth momentum high and inclusive to ensure that the benefits reach all sections of society, he added.

Jaitley said India continues to be the sweet spot as far as foreign direct investment is concerned and is the fastest-growing economy. (KNN/JM)