Marico chairman Harsh Mariwala said as digital transactions rise, there will be a lot more tax compliance. First, the pros:A shot in the arm for e-banking and e-commerceWhat demonetisation helped immensely was the digitisation of the economy. As digital transactions rise, there will be a lot more tax compliance. Warm up prior to GST implementationGoods and services tax (GST), which followed demonetisation, expects all registered dealers to upload their sales and purchase transactions on the integrated GST Network. So at the moment, one has to wait and watch if the positives of demonetisation outweigh the negatives.

Source: Mint November 06, 2017 18:45 UTC