https://www.taxtmi.com/news?id=17377 Demonetisation is presented as a policy to reduce informal cash holdings and illicit finance, enlarge and formalise the economy through greater digitisation and financial savings, transfer concealed resources to public welfare, and strengthen banks' lending capacity. The Goods and Services Tax is identified as a complementary reform to simplify indirect taxation, increase competitiveness and transparency, and together with JAM-oriented administrative reforms, to enhance tax compliance and targeted delivery of benefits. en-us Wed, 01 Feb 2017 14:10:29 +0530 Wed, 01 Feb 2017 14:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17377 Demonetisation is presented as a policy to reduce informal cash holdings and illicit finance, enlarge and formalise the economy through greater digitisation and financial savings, transfer concealed resources to public welfare, and strengthen banks' lending capacity. The Goods and Services Tax is identified as a complementary reform to simplify indirect taxation, increase competitiveness and transparency, and together with JAM-oriented administrative reforms, to enhance tax compliance and targeted delivery of benefits. News - Wed, 01 Feb 2017 14:10:29 +0530 https://www.taxtmi.com/news?id=17377