The CAG is auditing the functioning of GST, including aspects of registration, refund, input tax credit, transition credit mechanism, ease of payment of taxes and the impact on the economic activity.

Apart from the post-demonetisation exercise, the department is also pursuing those who have not field their returns on time.

The proposal of the shipping ministry is expected to provide direct and indirect jobs to one crore youth over the next five years.

The remarks come a day after former RBI Governor Raghuram Rajan blamed the indirect taxation reform for derailing India's growth story. However, Jaitley did not name Rajan.

In a Facebook post on the second anniversary of Demonetisation, Jaitley said, by the time the first five years of this government are over, we will be close to doubling the assessee base

There have been enough pointers since the Budget announcements in February to show that the government's finances are perhaps not in a great shape.

Finance Minister Arun Jaitley on Tuesday criticized the Reserve Bank of India (RBI) for failing to prevent lending excess.