"The people who had got used to 2G (telecom) and coal block (allocation) scams, will have objections to legitimate tax," Jaitley told a news briefing called to discuss state of economy.He was commenting on the Congress vice-president yesterday dubbing the Goods and Services Tax (GST) as "BJP's Gabbar Singh Tax . "Despite the teething troubles that the government and the GST Council are addressing, initial results in the form of revenue raised seem encouraging. Their faith in the cash economy will be on display with such celebration," he said. "Government is very clear that there should be less cash economy (but) opposition feels that cash economy should be bigger. "Large amounts of cash in an economy is seen by some as indicative of tax evasion and ill gotten wealth or black money.

Source: Times of India October 24, 2017 13:59 UTC