Finance Minister Arun Jaitley on Tuesday assured the industry that the government would strive to lower tax rates and broaden the tax base to increase revenue collection. In an interaction with Ficci, he called upon the industry to pass on benefits of GST rate reduction to consumers. 

“The finance minster said that the thrust of the government is to lower the tax rate and increase the tax base and keep the revenue collections moving up. He said the indirect tax collections will further increase in future,” a Finance Ministry statement said. He said GST is now on track and is in process of fast settling down and the government will continue with direct and indirect tax reforms in order to facilitate and further expedite the process of ease of doing business in the country.