On 10 November, Minister of State for Finance, Arjun Ram Meghwal, promised that the upcoming budget would have stipulation and provisions that would lead to further simplification of tax administration.
Along with the simplification, tax dispensation of both direct and indirect taxes would be smooth and effective.
In his valedictory address at the International Tax Conference: Global Tax Issues and Recent Developments - under the aegis of the PHD Chamber of Commerce and Industry in New Delhi -Meghwal described the demonetisation move of the NDA government as a step that would severely attack the menace of cross border terrorism and its funding besides substantially reducing the threat of rising black money.
"Tax administration and tax policies need to be further simplified to promote ease of doing business as well as its facilitation. The forthcoming budget would reflect and adequately cater to this effect," said Meghawal adding that the government of the day is committed to eliminate corruption and red tape.
"The decision to demonetize the Rs 500 and Rs 1,000 notes is one such step in this direction and many more such moves would follow as Prime Minister Modi is determined to purge the system from all its ailments," added the minister.