Fewer GST slabs after a revenue-neutral-plus level is achieved: Jaitley

He also said that people who demand development of the nation need to pay what is required of them, adding that this money needs to be spent honestly

Union Finance Minister Arun Jaitley on Sunday hinted that there is scope for lesser slabs under the Goods and Services Tax (GST) once there is revenue buoyancy.

He delivered the Valedictory Address at National Academy of Customs Excise and Narcotics (NACIN) Founding Day and Passing-out Ceremony of the 67th Batch of Indian Revenue Services (IRS) officers (C and CE).

"We have almost by the day, space and scope for improvement. We have space for improvement and need for improvement to reduce compliance burden as far as small taxpayers are concerned," he said.

"We have space for improvement, eventually once we become revenue neutral,